Q1 2017 EPS Estimates for LightPath Technologies Inc. (LPTH) Cut by Taglich Brothers
LightPath Technologies Inc. (NASDAQ:LPTH) – Taglich Brothers lowered their Q1 2017 EPS estimates for shares of LightPath Technologies in a research note issued on Monday. Taglich Brothers analyst J. Nobile now forecasts that the firm will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. Taglich Brothers also issued estimates for LightPath Technologies’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, September 15th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. LightPath Technologies had a net margin of 8.19% and a return on equity of 15.03%. The company earned $4.73 million during the quarter.
Separately, Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
Shares of LightPath Technologies (NASDAQ:LPTH) traded down 4.14% during mid-day trading on Wednesday, reaching $1.62. 47,205 shares of the company traded hands. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $1.84. LightPath Technologies has a 52 week low of $1.44 and a 52 week high of $3.79. The company has a market capitalization of $25.33 million, a P/E ratio of 20.25 and a beta of -0.26.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its stake in LightPath Technologies by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 238,009 shares of the company’s stock valued at $481,000 after buying an additional 2,061 shares during the period. Renaissance Technologies LLC boosted its stake in LightPath Technologies by 58.6% in the first quarter. Renaissance Technologies LLC now owns 205,700 shares of the company’s stock valued at $416,000 after buying an additional 76,000 shares during the period. Navellier & Associates Inc boosted its stake in LightPath Technologies by 28.2% in the second quarter. Navellier & Associates Inc now owns 96,117 shares of the company’s stock valued at $167,000 after buying an additional 21,117 shares during the period. Finally, Vanguard Group Inc. boosted its stake in LightPath Technologies by 2.2% in the second quarter. Vanguard Group Inc. now owns 357,762 shares of the company’s stock valued at $622,000 after buying an additional 7,600 shares during the period. Institutional investors own 8.64% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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