Analysts Expect O2Micro International Limited (OIIM) Will Announce Quarterly Sales of $16.70 Million

Analysts expect O2Micro International Limited (NASDAQ:OIIM) to post sales of $16.70 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for O2Micro International’s earnings. O2Micro International posted sales of $15.52 million in the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The business is expected to issue its next earnings results on Wednesday, November 7th.

On average, analysts expect that O2Micro International will report full-year sales of $63.50 million for the current year, with estimates ranging from $63.30 million to $63.70 million. For the next fiscal year, analysts forecast that the company will report sales of $69.30 million per share, with estimates ranging from $68.60 million to $70.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for O2Micro International.

O2Micro International (NASDAQ:OIIM) last issued its quarterly earnings results on Wednesday, August 1st. The electronics maker reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The company had revenue of $15.21 million for the quarter, compared to the consensus estimate of $15.05 million. O2Micro International had a net margin of 8.95% and a return on equity of 3.17%.

Separately, ValuEngine upgraded shares of O2Micro International from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th.

NASDAQ:OIIM traded up $0.04 during mid-day trading on Wednesday, hitting $2.14. 25,562 shares of the stock traded hands, compared to its average volume of 42,211. The company has a market capitalization of $52.39 million, a price-to-earnings ratio of 20.40 and a beta of 0.15. O2Micro International has a 52 week low of $1.30 and a 52 week high of $2.40.

A number of large investors have recently modified their holdings of the stock. Grandeur Peak Global Advisors LLC boosted its position in O2Micro International by 7.4% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 3,239,517 shares of the electronics maker’s stock valued at $5,961,000 after buying an additional 222,175 shares during the period. FMR LLC boosted its position in O2Micro International by 19.2% in the 2nd quarter. FMR LLC now owns 800,400 shares of the electronics maker’s stock valued at $1,473,000 after buying an additional 128,800 shares during the period. Finally, Renaissance Technologies LLC boosted its position in O2Micro International by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,076,400 shares of the electronics maker’s stock valued at $3,813,000 after buying an additional 58,500 shares during the period. Institutional investors own 42.28% of the company’s stock.

About O2Micro International

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.

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