LightPath Technologies (LPTH) Set to Announce Quarterly Earnings on Thursday

LightPath Technologies (NASDAQ:LPTH) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. The company had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. During the same period last year, the business earned ($0.02) earnings per share.

LightPath Technologies Trading Up 3.3 %

NASDAQ:LPTH opened at $1.58 on Thursday. The business’s 50-day moving average is $1.40 and its two-hundred day moving average is $1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.12. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.74. The firm has a market capitalization of $61.32 million, a PE ratio of -8.78 and a beta of 1.31.

Analyst Ratings Changes

Several analysts have recently weighed in on LPTH shares. StockNews.com started coverage on LightPath Technologies in a research note on Wednesday. They set a “hold” rating for the company. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research note on Friday, September 20th.

About LightPath Technologies

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.