Brokerages forecast that Luna Innovations Incorporated (NASDAQ:LUNA) will announce earnings of $0.07 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Luna Innovations’ earnings. Luna Innovations posted earnings per share of $0.13 during the same quarter last year, which suggests a negative year over year growth rate of 46.2%. The business is expected to report its next quarterly earnings report on Monday, November 8th.
Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Luna Innovations.
Luna Innovations (NASDAQ:LUNA) last announced its quarterly earnings results on Monday, August 9th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Luna Innovations had a net margin of 2.46% and a return on equity of 10.00%.
Large investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. boosted its stake in shares of Luna Innovations by 126.5% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,314,050 shares of the scientific and technical instruments company’s stock worth $14,231,000 after purchasing an additional 734,000 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Luna Innovations during the 1st quarter worth about $6,125,000. HighTower Advisors LLC purchased a new position in shares of Luna Innovations during the 1st quarter worth about $4,853,000. State Street Corp boosted its stake in shares of Luna Innovations by 50.1% during the 2nd quarter. State Street Corp now owns 683,163 shares of the scientific and technical instruments company’s stock worth $7,399,000 after purchasing an additional 228,148 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Luna Innovations by 29.2% during the 1st quarter. Morgan Stanley now owns 803,628 shares of the scientific and technical instruments company’s stock worth $8,462,000 after purchasing an additional 181,578 shares during the period. 49.88% of the stock is owned by institutional investors and hedge funds.
NASDAQ LUNA traded down $0.06 on Friday, reaching $9.81. The company had a trading volume of 59,300 shares, compared to its average volume of 179,440. The company has a quick ratio of 1.79, a current ratio of 2.70 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $311.95 million, a PE ratio of 123.39 and a beta of 1.02. The firm’s 50 day moving average price is $10.98 and its 200 day moving average price is $10.92. Luna Innovations has a 12 month low of $5.81 and a 12 month high of $13.05.
Luna Innovations Company Profile
Luna Innovations, Inc engages in the development and manufacture of fiber optic test and measurement, sensing and instrumentation products for the automotive, aerospace, energy and infrastructure industries. It operates through the following segments: Lightwave and Luna Labs. The Lightwave segment develops, manufactures and markets distributed fiber optic sensing products and fiber optic communications test and control products.
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