Wall Street analysts expect Luna Innovations Incorporated (NASDAQ:LUNA – Get Rating) to report earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Luna Innovations’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.01). Luna Innovations reported earnings of $0.03 per share in the same quarter last year, which indicates a negative year over year growth rate of 133.3%. The business is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Luna Innovations.
Luna Innovations (NASDAQ:LUNA – Get Rating) last issued its quarterly earnings results on Monday, March 14th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company 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 quarter last year, the company posted $0.07 EPS.
LUNA stock traded up $0.20 during midday trading on Friday, reaching $5.38. 247,901 shares of the stock were exchanged, compared to its average volume of 170,417. The stock has a market capitalization of $174.04 million, a PE ratio of 134.50 and a beta of 1.28. Luna Innovations has a 52 week low of $4.97 and a 52 week high of $12.99. 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 company has a fifty day moving average price of $6.57 and a 200 day moving average price of $7.51.
A number of institutional investors and hedge funds have recently made changes to their positions in LUNA. Moors & Cabot Inc. acquired a new position in Luna Innovations during the 3rd quarter worth about $27,000. Advisor Group Holdings Inc. lifted its stake in shares of Luna Innovations by 312.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,384 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 4,080 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Luna Innovations by 336.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $54,000 after purchasing an additional 4,373 shares during the period. Citigroup Inc. lifted its stake in shares of Luna Innovations by 97.1% in the 4th quarter. Citigroup Inc. now owns 7,641 shares of the scientific and technical instruments company’s stock valued at $64,000 after purchasing an additional 3,764 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its stake in shares of Luna Innovations by 117.8% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,015 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 3,794 shares during the period. 53.42% of the stock is currently owned by hedge funds and other institutional investors.
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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