Analysts Expect LightPath Technologies, Inc. (LPTH) to Post $0.04 Earnings Per Share
Brokerages forecast that LightPath Technologies, Inc. (NASDAQ:LPTH) will post $0.04 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for LightPath Technologies’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.05. LightPath Technologies reported earnings of $0.02 per share in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The company is expected to issue its next earnings results on Thursday, September 21st.
According to Zacks, analysts expect that LightPath Technologies will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.12 to $0.19. For the next financial year, analysts expect that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for LightPath Technologies.
LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $5.87 million during the quarter, compared to the consensus estimate of $4.90 million. LightPath Technologies had a return on equity of 10.49% and a net margin of 3.94%.
Several research analysts have recently issued reports on LPTH shares. Zacks Investment Research raised LightPath Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 24th. TheStreet raised LightPath Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 22nd. Finally, Dougherty & Co upped their price objective on LightPath Technologies from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, May 5th.
Shares of LightPath Technologies (NASDAQ:LPTH) traded down 2.05% during midday trading on Wednesday, reaching $2.86. The company’s stock had a trading volume of 157,932 shares. The stock’s 50-day moving average price is $2.75 and its 200-day moving average price is $2.04. LightPath Technologies has a 12-month low of $1.21 and a 12-month high of $3.25. The company has a market cap of $68.97 million, a P/E ratio of 31.78 and a beta of -0.54.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP acquired a new position in LightPath Technologies during the fourth quarter valued at about $886,000. Vertex One Asset Management Inc. acquired a new position in LightPath Technologies during the fourth quarter valued at about $1,271,000. First Wilshire Securities Management Inc. acquired a new position in LightPath Technologies during the fourth quarter valued at about $1,240,000. Foundry Partners LLC acquired a new position in LightPath Technologies during the first quarter valued at about $985,000. Finally, Essex Investment Management Co. LLC acquired a new position in LightPath Technologies during the first quarter valued at about $155,000. 7.47% of the stock is owned by institutional investors and hedge funds.
About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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