LightPath Technologies (LPTH) to Release Earnings on Thursday

LightPath Technologies (NASDAQ:LPTH) is projected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect LightPath Technologies to post earnings of ($0.04) per share and revenue of $8.40 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $8.40 million during the quarter, compared to analysts’ expectations of $8.55 million. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. During the same period in the previous year, the business earned ($0.04) earnings per share. On average, analysts expect LightPath Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LightPath Technologies Stock Up 3.2 %

LPTH opened at $3.26 on Thursday. The firm has a market capitalization of $129.32 million, a P/E ratio of -14.82 and a beta of 1.01. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The company has a fifty day moving average price of $2.89 and a 200-day moving average price of $1.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Lake Street Capital upped their target price on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. LADENBURG THALM/SH SH increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, HC Wainwright raised their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.