Equities analysts expect that LightPath Technologies, Inc. (NASDAQ:LPTH) will post earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for LightPath Technologies’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. LightPath Technologies reported earnings per share of $0.24 in the same quarter last year, which would suggest a negative year over year growth rate of 95.8%. The firm is scheduled to issue its next earnings report on Thursday, September 27th.
According to Zacks, analysts expect that LightPath Technologies will report full-year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.09. For the next year, analysts anticipate that the company will report earnings of $0.06 per share, with EPS estimates ranging from $0.01 to $0.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow LightPath Technologies.
LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 13th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). LightPath Technologies had a net margin of 3.31% and a return on equity of 3.80%.
Several brokerages have weighed in on LPTH. Dougherty & Co lowered LightPath Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Roth Capital set a $3.00 target price on LightPath Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $2.90.
LPTH stock traded down $0.02 during mid-day trading on Thursday, hitting $2.00. The stock had a trading volume of 141,300 shares, compared to its average volume of 172,650. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.39 and a quick ratio of 2.27. LightPath Technologies has a 1-year low of $1.94 and a 1-year high of $4.10. The firm has a market cap of $51.81 million, a P/E ratio of 5.26, a PEG ratio of 2.12 and a beta of -0.99.
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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
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