$0.04 Earnings Per Share Expected for LightPath Technologies, Inc. (LPTH) This Quarter
Wall Street brokerages expect LightPath Technologies, Inc. (NASDAQ:LPTH) to post earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for LightPath Technologies’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. LightPath Technologies posted earnings per share of $0.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The company is expected to report its next earnings results after the market closes on Thursday, September 14th.
On average, analysts expect that LightPath Technologies will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.19. For the next year, analysts forecast that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow LightPath Technologies.
LPTH has been the subject of a number of research reports. Dougherty & Co increased their price target on LightPath Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research upgraded LightPath Technologies from a “hold” rating to a “strong-buy” rating and set a $3.00 price target for the company in a research note on Tuesday, May 9th.
LightPath Technologies (LPTH) traded up 1.20% during midday trading on Friday, hitting $2.54. The stock had a trading volume of 57,681 shares. The stock has a market cap of $61.25 million, a price-to-earnings ratio of 28.22 and a beta of -0.60. The company has a 50-day moving average of $2.62 and a 200-day moving average of $2.58. LightPath Technologies has a 1-year low of $1.21 and a 1-year high of $3.33.
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Several hedge funds and other institutional investors have recently made changes to their positions in LPTH. Wellington Management Group LLP boosted its position in shares of LightPath Technologies by 191.5% in the first quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock worth $3,800,000 after buying an additional 911,200 shares during the last quarter. Manatuck Hill Partners LLC boosted its position in shares of LightPath Technologies by 2.3% in the second quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock worth $3,038,000 after buying an additional 25,000 shares during the last quarter. Royce & Associates LP boosted its position in shares of LightPath Technologies by 53.0% in the second quarter. Royce & Associates LP now owns 1,032,600 shares of the technology company’s stock worth $2,788,000 after buying an additional 357,600 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of LightPath Technologies by 19.0% in the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock worth $1,931,000 after buying an additional 114,279 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of LightPath Technologies by 1,332.3% in the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after buying an additional 289,330 shares during the last quarter. Institutional investors own 29.29% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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