Brokerages Anticipate LightPath Technologies, Inc. (LPTH) to Announce $0.04 EPS
Equities research analysts expect that LightPath Technologies, Inc. (NASDAQ:LPTH) will post earnings per share of $0.04 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for LightPath Technologies’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. LightPath Technologies posted 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 business is expected to issue its next quarterly earnings report after the market closes on Thursday, September 14th.
According to Zacks, analysts expect that LightPath Technologies will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.19. For the next financial year, analysts expect that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow LightPath Technologies.
LPTH has been the topic of several recent research reports. Dougherty & Co raised their price target on shares of LightPath Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of LightPath Technologies from a “hold” rating to a “strong-buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, May 9th.
A number of large investors have recently bought and sold shares of LPTH. Wellington Management Group LLP raised its stake in LightPath Technologies by 191.5% in the first quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock valued at $3,800,000 after buying an additional 911,200 shares during the period. Manatuck Hill Partners LLC raised its stake in LightPath Technologies by 2.3% in the second quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock valued at $3,038,000 after buying an additional 25,000 shares during the period. Royce & Associates LP raised its stake in LightPath Technologies by 53.0% in the second quarter. Royce & Associates LP now owns 1,032,600 shares of the technology company’s stock valued at $2,788,000 after buying an additional 357,600 shares during the period. Vanguard Group Inc. raised its stake in LightPath Technologies by 19.0% in the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after buying an additional 114,279 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in LightPath Technologies by 1,332.3% in the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after buying an additional 289,330 shares during the period. Hedge funds and other institutional investors own 29.29% of the company’s stock.
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LightPath Technologies (NASDAQ:LPTH) traded up 1.20% during mid-day trading on Friday, hitting $2.54. The company’s stock had a trading volume of 57,681 shares. The firm has a market cap of $61.25 million, a price-to-earnings ratio of 28.22 and a beta of -0.60. LightPath Technologies has a 52-week low of $1.21 and a 52-week high of $3.33. The firm has a 50 day moving average of $2.62 and a 200-day moving average of $2.58.
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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