Brokerages forecast that LightPath Technologies, Inc. (NASDAQ:LPTH) will report sales of $9.08 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for LightPath Technologies’ earnings, with the highest sales estimate coming in at $9.15 million and the lowest estimate coming in at $9.00 million. LightPath Technologies reported sales of $8.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The business is scheduled to report its next earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that LightPath Technologies will report full year sales of $36.57 million for the current financial year, with estimates ranging from $36.44 million to $36.70 million. For the next year, analysts expect that the business will report sales of $41.49 million, with estimates ranging from $40.58 million to $42.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow LightPath Technologies.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). LightPath Technologies had a return on equity of 3.75% and a net margin of 3.26%. The firm had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $8.09 million.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Roth Capital set a $3.00 price target on shares of LightPath Technologies and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, Dougherty & Co downgraded shares of LightPath Technologies from a “buy” rating to a “neutral” rating in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. LightPath Technologies presently has a consensus rating of “Hold” and an average target price of $2.83.
Shares of LightPath Technologies stock opened at $1.85 on Friday. LightPath Technologies has a 12-month low of $1.65 and a 12-month high of $3.40. The stock has a market capitalization of $48.20 million, a PE ratio of 46.25, a PEG ratio of 1.97 and a beta of -0.74. The company has a current ratio of 3.39, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.