Luna Innovations (LUNA) to Release Quarterly Earnings on Monday

Luna Innovations (NASDAQ:LUNA – Get Rating) will be issuing its quarterly earnings data before the market opens on Monday, May 16th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Luna Innovations has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Luna Innovations (NASDAQ:LUNA – Get Rating) last announced its quarterly earnings data on Monday, March 14th. The scientific and technical instruments company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $24.22 million during 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 last year, the company earned $0.07 earnings per share. On average, analysts expect Luna Innovations to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of LUNA stock opened at $5.23 on Monday. The stock has a 50-day moving average price of $6.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.83 and a current ratio of 2.52. The firm has a market capitalization of $169.19 million, a price-to-earnings ratio of 130.75 and a beta of 1.28. Luna Innovations has a 12 month low of $5.11 and a 12 month high of $12.99.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Luna Innovations by 0.6% during the 4th quarter. BlackRock Inc. now owns 1,906,639 shares of the scientific and technical instruments company’s stock worth $16,092,000 after buying an additional 12,073 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Luna Innovations by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 528,068 shares of the scientific and technical instruments company’s stock valued at $4,456,000 after purchasing an additional 3,830 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Luna Innovations by 68.9% during the 4th quarter. JPMorgan Chase & Co. now owns 114,808 shares of the scientific and technical instruments company’s stock valued at $969,000 after purchasing an additional 46,836 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Luna Innovations by 16.3% during the 4th quarter. Bank of America Corp DE now owns 50,090 shares of the scientific and technical instruments company’s stock valued at $423,000 after purchasing an additional 7,029 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Luna Innovations by 197.0% during the 4th quarter. Barclays PLC now owns 37,453 shares of the scientific and technical instruments company’s stock valued at $316,000 after purchasing an additional 24,842 shares in the last quarter. Institutional investors own 53.42% of the company’s stock.

A number of analysts recently commented on the company. StockNews.com assumed coverage on Luna Innovations in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Luna Innovations from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th.

About Luna Innovations (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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