LightPath Technologies (LPTH) to Release Earnings on Thursday

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

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results 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 return on equity of 24.55% and a negative net margin of 25.24%. The company had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. During the same period in the prior year, the business posted ($0.02) earnings per share.

LightPath Technologies Price Performance

Shares of NASDAQ LPTH opened at $1.59 on Wednesday. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $1.74. The stock has a market capitalization of $62.98 million, a P/E ratio of -7.23 and a beta of 1.30. The company’s 50-day moving average is $1.41 and its 200 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.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a report on Friday, September 20th. StockNews.com started coverage on LightPath Technologies in a research note on Wednesday, October 30th. They issued a “hold” rating on the stock.

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.