Wall Street analysts forecast that Luna Innovations Incorporated (NASDAQ:LUNA – Get Rating) will announce earnings of ($0.01) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Luna Innovations’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.01). Luna Innovations reported earnings of $0.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 133.3%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Luna Innovations.
Luna Innovations (NASDAQ:LUNA – Get Rating) last posted its earnings results on Monday, March 14th. The scientific and technical instruments company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $24.22 million for the quarter, compared to analyst estimates of $23.14 million. Luna Innovations had a return on equity of 5.34% and a net margin of 1.40%. During the same period in the previous year, the firm earned $0.07 EPS.
Shares of LUNA stock traded down $0.24 during trading on Monday, reaching $6.63. 100,876 shares of the company’s stock were exchanged, compared to its average volume of 138,567. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.52 and a quick ratio of 1.83. The stock has a market capitalization of $214.14 million, a PE ratio of 169.00 and a beta of 1.13. Luna Innovations has a twelve month low of $6.11 and a twelve month high of $12.99. The business has a fifty day moving average price of $7.15.
Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Luna Innovations by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 16,879 shares of the scientific and technical instruments company’s stock valued at $161,000 after acquiring an additional 1,093 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Luna Innovations by 0.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 297,145 shares of the scientific and technical instruments company’s stock valued at $2,508,000 after acquiring an additional 1,820 shares during the period. Raymond James & Associates lifted its position in shares of Luna Innovations by 14.3% during the 4th quarter. Raymond James & Associates now owns 15,967 shares of the scientific and technical instruments company’s stock valued at $135,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Luna Innovations by 22.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 14,084 shares of the scientific and technical instruments company’s stock valued at $134,000 after acquiring an additional 2,559 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Luna Innovations by 25.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 14,679 shares of the scientific and technical instruments company’s stock valued at $124,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.
Luna Innovations Company Profile (Get Rating)
Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. The company offers optical test and measurement products, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and Hyperion sensing solution that enables full-spectrum data acquisition and flexible peak detect algorithms of fiber-bragg gratings (FBGs), long period FBGs, and fabry-perot sensors with low-latency access to data for closed loop feedback applications.
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