LightPath Technologies, Inc. (LPTH) Expected to Post Quarterly Sales of $7.95 Million
Brokerages predict that LightPath Technologies, Inc. (NASDAQ:LPTH) will post sales of $7.95 million for the current quarter, according to Zacks. Two analysts have made estimates for LightPath Technologies’ earnings, with estimates ranging from $7.90 million to $8.00 million. LightPath Technologies posted sales of $9.01 million during the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The company is expected to report its next earnings report on Thursday, September 13th.
On average, analysts expect that LightPath Technologies will report full year sales of $32.37 million for the current financial year, with estimates ranging from $32.34 million to $32.40 million. For the next financial year, analysts expect that the business will report sales of $38.67 million per share, with estimates ranging from $37.30 million to $40.04 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover LightPath Technologies.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, September 13th. The technology company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). LightPath Technologies had a return on equity of 26.31% and a net margin of 24.61%.
Shares of LPTH stock traded down $0.09 during mid-day trading on Wednesday, reaching $2.00. The stock had a trading volume of 193,200 shares, compared to its average volume of 171,806. The company has a current ratio of 3.66, a quick ratio of 2.47 and a debt-to-equity ratio of 0.16. LightPath Technologies has a one year low of $1.94 and a one year high of $4.10. The company has a market capitalization of $54.81 million, a P/E ratio of 5.42, a P/E/G ratio of 1.09 and a beta of -0.99.
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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
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