LightPath Technologies (NASDAQ:LPTH) is scheduled to issue its quarterly earnings data on Monday, May 14th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.03 earnings per share for the quarter. The company had revenue of $8.36 million for the quarter. LightPath Technologies had a net margin of 21.26% and a return on equity of 27.79%. On average, analysts expect LightPath Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of LightPath Technologies opened at $2.11 on Friday, according to MarketBeat.com. The firm has a market capitalization of $55.06 million, a price-to-earnings ratio of 5.55, a P/E/G ratio of 1.78 and a beta of -0.23. LightPath Technologies has a fifty-two week low of $1.97 and a fifty-two week high of $4.10. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30.
A number of equities analysts have weighed in on LPTH shares. Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Tuesday, January 23rd. Roth Capital set a $3.00 target price on shares of LightPath Technologies and gave the company a “buy” rating in a report on Wednesday, February 14th. B. Riley started coverage on shares of LightPath Technologies in a report on Wednesday, April 4th. They set a “buy” rating and a $2.75 target price on the stock. Finally, ValuEngine lowered shares of LightPath Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $2.90.
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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