O2Micro International Limited (OIIM) Expected to Announce Quarterly Sales of $16.70 Million

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

According to Zacks, analysts expect that O2Micro International will report full-year sales of $63.50 million for the current fiscal year, with estimates ranging from $63.30 million to $63.70 million. For the next fiscal year, analysts expect that the company will post sales of $69.30 million, with estimates ranging from $68.60 million to $70.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover O2Micro International.

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

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

Shares of OIIM stock opened at $2.31 on Friday. O2Micro International has a 12 month low of $1.30 and a 12 month high of $2.40. The stock has a market cap of $58.30 million, a price-to-earnings ratio of -12.83 and a beta of 0.15.

A number of hedge funds have recently modified their holdings of OIIM. Grandeur Peak Global Advisors LLC raised its stake in O2Micro International by 7.4% during the second quarter. Grandeur Peak Global Advisors LLC now owns 3,239,517 shares of the electronics maker’s stock worth $5,961,000 after purchasing an additional 222,175 shares during the period. FMR LLC raised its stake in shares of 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 acquiring an additional 128,800 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 58,500 shares during the period. 42.28% of the stock is currently owned by institutional investors.

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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Get a free copy of the Zacks research report on O2Micro International (OIIM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for O2Micro International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O2Micro International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply