Equities research analysts expect that Nlight Inc (NASDAQ:LASR) will post sales of $48.37 million for the current quarter, according to Zacks. Four analysts have provided estimates for Nlight’s earnings. The highest sales estimate is $48.90 million and the lowest is $48.00 million. Nlight posted sales of $51.71 million during the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Nlight will report full-year sales of $196.40 million for the current year, with estimates ranging from $192.89 million to $203.00 million. For the next year, analysts anticipate that the firm will report sales of $235.84 million, with estimates ranging from $224.00 million to $251.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Nlight.

Nlight (NASDAQ:LASR) last issued its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. Nlight had a return on equity of 4.77% and a net margin of 5.13%. The business had revenue of $41.86 million during the quarter, compared to analysts’ expectations of $42.47 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.

LASR has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price objective (down from $27.00) on shares of Nlight in a research report on Thursday, May 9th. Zacks Investment Research cut Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Nlight has a consensus rating of “Hold” and an average price target of $25.75.

NASDAQ:LASR traded down $0.39 during mid-day trading on Friday, reaching $15.56. 546,947 shares of the company’s stock traded hands, compared to its average volume of 407,503. Nlight has a 12-month low of $15.45 and a 12-month high of $43.63. The firm has a market cap of $606.51 million, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 6.24 and a beta of 2.02. The firm’s 50 day moving average is $18.53.

In other news, insider Scott H. Keeney sold 4,935 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $23.11, for a total value of $114,047.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Martinsen sold 6,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $25.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,370 shares of company stock valued at $591,067. Company insiders own 5.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in Nlight by 34.0% in the 4th quarter. Citigroup Inc. now owns 2,563 shares of the company’s stock worth $46,000 after buying an additional 650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nlight by 112.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the company’s stock worth $51,000 after buying an additional 1,214 shares during the period. Motley Fool Wealth Management LLC boosted its holdings in Nlight by 0.5% in the 1st quarter. Motley Fool Wealth Management LLC now owns 304,003 shares of the company’s stock worth $6,773,000 after buying an additional 1,482 shares during the period. Advisor Group Inc. boosted its holdings in Nlight by 55.3% in the 4th quarter. Advisor Group Inc. now owns 4,578 shares of the company’s stock worth $81,000 after buying an additional 1,631 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Nlight by 81.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,902 shares of the company’s stock worth $87,000 after buying an additional 1,757 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Nlight Company Profile

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.

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