LightPath Technologies (LPTH) to Release Earnings on Thursday

LightPath Technologies (NASDAQ:LPTH) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $7.32 million during the quarter, compared to the consensus estimate of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. On average, analysts expect LightPath Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock opened at $1.34 on Wednesday. The firm has a fifty day moving average of $1.46 and a two-hundred day moving average of $1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.93. The stock has a market capitalization of $50.95 million, a price-to-earnings ratio of -9.57 and a beta of 1.41. LightPath Technologies has a 52 week low of $1.12 and a 52 week high of $2.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LPTH shares. StockNews.com began coverage on LightPath Technologies in a research note on Tuesday. They issued a “hold” rating on the stock. Lake Street Capital initiated coverage on shares of LightPath Technologies in a research note on Thursday, January 18th. They set a “buy” rating and a $3.00 price objective on the stock.

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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.