LightPath Technologies, Inc. (NASDAQ:LPTH) Expected to Post Earnings of -$0.03 Per Share

Wall Street analysts forecast that LightPath Technologies, Inc. (NASDAQ:LPTH – Get Rating) will report earnings of ($0.03) per share for the current quarter, according to Zacks. Two analysts have issued estimates for LightPath Technologies’ earnings. LightPath Technologies posted earnings of ($0.01) per share in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that LightPath Technologies will report full year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.10). For the next financial year, analysts expect that the firm will post earnings of ($0.03) per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for LightPath Technologies.

LightPath Technologies (NASDAQ:LPTH – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). LightPath Technologies had a negative net margin of 12.90% and a negative return on equity of 14.34%. The firm had revenue of $9.24 million during the quarter, compared to analysts’ expectations of $9.67 million. During the same period in the previous year, the business earned ($0.01) earnings per share.

Several analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of LightPath Technologies in a research note on Friday. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 16th. Finally, B. Riley raised their price target on shares of LightPath Technologies from $3.30 to $3.70 in a research report on Friday, February 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.73.

In related news, Director Darcie Peck purchased 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were purchased at an average price of $2.08 per share, with a total value of $46,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 29,500 shares of company stock valued at $60,880 in the last quarter. Insiders own 7.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of LightPath Technologies by 66.1% during the 3rd quarter. Geode Capital Management LLC now owns 303,772 shares of the technology company’s stock valued at $647,000 after acquiring an additional 120,870 shares in the last quarter. Citadel Advisors LLC acquired a new position in LightPath Technologies in the second quarter worth approximately $149,000. LPL Financial LLC lifted its stake in LightPath Technologies by 55.3% in the third quarter. LPL Financial LLC now owns 36,500 shares of the technology company’s stock valued at $78,000 after acquiring an additional 13,000 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of LightPath Technologies by 61.1% during the 4th quarter. Susquehanna International Group LLP now owns 21,667 shares of the technology company’s stock worth $53,000 after purchasing an additional 8,216 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of LightPath Technologies during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 37.36% of the company’s stock.

Shares of LPTH opened at $1.76 on Friday. LightPath Technologies has a 1 year low of $1.52 and a 1 year high of $3.57. The company’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $2.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.55 and a quick ratio of 1.52.

About LightPath Technologies (Get Rating)

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology.

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