LightPath Technologies (NASDAQ:LPTH - Get Free Report) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
LightPath Technologies (NASDAQ:LPTH - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $7.32 million for the quarter, compared to the consensus estimate of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. 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 Down 1.4 %
Shares of NASDAQ LPTH traded down $0.02 during midday trading on Friday, hitting $1.42. The stock had a trading volume of 33,718 shares, compared to its average volume of 52,516. The company has a market cap of $53.99 million, a P/E ratio of -10.07 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.02. The business's 50 day moving average is $1.47 and its 200-day moving average is $1.41. LightPath Technologies has a 52 week low of $1.12 and a 52 week high of $2.00.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. StockNews.com initiated coverage on LightPath Technologies in a research note on Monday. They issued a "hold" rating for the company. Lake Street Capital assumed coverage on shares of LightPath Technologies in a research note on Thursday, January 18th. They set a "buy" rating and a $3.00 target price on the stock.
Check Out Our Latest Research Report on LPTH
About LightPath Technologies
(
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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.
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