LightPath Technologies, Inc. (NASDAQ:LPTH) – Analysts at Dougherty & Co lowered their FY2018 earnings estimates for LightPath Technologies in a note issued to investors on Friday. Dougherty & Co analyst J. Maxa now forecasts that the technology company will earn $0.18 per share for the year, down from their prior forecast of $0.22. Dougherty & Co has a “Buy” rating and a $3.10 price target on the stock.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, September 14th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.20. LightPath Technologies had a return on equity of 37.81% and a net margin of 27.16%. The company had revenue of $9.01 million during the quarter, compared to analysts’ expectations of $8.75 million. ILLEGAL ACTIVITY NOTICE: This story was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/09/dougherty-co-equities-analysts-reduce-earnings-estimates-for-lightpath-technologies-inc-lpth.html.

A number of other brokerages have also commented on LPTH. Zacks Investment Research lowered shares of LightPath Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 7th. ValuEngine raised shares of LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. LightPath Technologies currently has an average rating of “Buy” and a consensus target price of $2.80.

Shares of LightPath Technologies (LPTH) opened at 2.80 on Monday. LightPath Technologies has a 12 month low of $1.21 and a 12 month high of $3.33. The firm has a market cap of $67.89 million, a PE ratio of 7.78 and a beta of -0.57. The firm has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.68.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in shares of LightPath Technologies during the 1st quarter valued at $137,000. Spark Investment Management LLC bought a new position in shares of LightPath Technologies during the 2nd quarter valued at $174,000. Virtu KCG Holdings LLC grew its holdings in shares of LightPath Technologies by 601.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after purchasing an additional 184,960 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LightPath Technologies by 1,332.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after purchasing an additional 289,330 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of LightPath Technologies by 17.4% during the 1st quarter. Royce & Associates LP now owns 675,000 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 100,000 shares during the last quarter. 30.81% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for LightPath Technologies (NASDAQ:LPTH)

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