Wall Street brokerages expect Nlight Inc (NASDAQ:LASR) to post $46.93 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Nlight’s earnings. The highest sales estimate is $47.02 million and the lowest is $46.80 million. The firm is expected to report its next earnings results on Monday, February 4th.

On average, analysts expect that Nlight will report full year sales of $192.13 million for the current financial year, with estimates ranging from $192.00 million to $192.21 million. For the next financial year, analysts anticipate that the business will post sales of $223.09 million, with estimates ranging from $217.00 million to $230.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Nlight.

Nlight (NASDAQ:LASR) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Nlight had a net margin of 6.93% and a return on equity of 9.94%. The company had revenue of $51.03 million during the quarter, compared to the consensus estimate of $49.20 million. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year.

LASR has been the subject of a number of research analyst reports. Raymond James raised shares of Nlight from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Friday, September 21st. Zacks Investment Research upgraded shares of Nlight from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Stifel Nicolaus decreased their price objective on shares of Nlight from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 8th. Northcoast Research cut shares of Nlight from a “buy” rating to a “neutral” rating in a research report on Monday, October 8th. Finally, Needham & Company LLC decreased their price objective on shares of Nlight from $37.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.44.

NASDAQ LASR opened at $17.34 on Friday. Nlight has a 52-week low of $16.25 and a 52-week high of $43.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 9.12 and a quick ratio of 7.71.

In other news, insider Robert Martinsen sold 1,378 shares of Nlight stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $19.98, for a total transaction of $27,532.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David D. Osborne sold 33,000 shares of Nlight stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $18.76, for a total transaction of $619,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,500 shares of company stock worth $668,050 in the last ninety days.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in shares of Nlight by 592.3% in the third quarter. Clearbridge Investments LLC now owns 1,238,871 shares of the company’s stock worth $27,515,000 after buying an additional 1,059,921 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Nlight by 408.7% in the third quarter. Neuberger Berman Group LLC now owns 1,248,103 shares of the company’s stock worth $27,720,000 after purchasing an additional 1,002,773 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Nlight in the second quarter worth $22,235,000. Pinnacle Associates Ltd. purchased a new stake in shares of Nlight in the third quarter worth $14,030,000. Finally, Royce & Associates LP increased its stake in shares of Nlight by 164.6% in the third quarter. Royce & Associates LP now owns 868,125 shares of the company’s stock worth $19,281,000 after purchasing an additional 539,993 shares in the last quarter. 57.97% of the stock is currently owned by hedge funds and other institutional investors.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.

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