B. Riley Weighs in on LightPath Technologies, Inc.’s Q2 2019 Earnings (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) – Investment analysts at B. Riley lowered their Q2 2019 earnings per share estimates for shares of LightPath Technologies in a research report issued on Friday, September 14th. B. Riley analyst S. Sherbetchyan now expects that the technology company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.04. B. Riley also issued estimates for LightPath Technologies’ Q3 2019 earnings at $0.01 EPS and Q4 2019 earnings at $0.02 EPS.

LPTH has been the topic of a number of other research reports. Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Dougherty & Co cut shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Roth Capital set a $3.00 target price on shares of LightPath Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.90.

NASDAQ LPTH opened at $2.00 on Monday. The firm has a market cap of $54.81 million, a price-to-earnings ratio of 5.26, a P/E/G ratio of 1.09 and a beta of -0.99. LightPath Technologies has a fifty-two week low of $1.94 and a fifty-two week high of $4.10. 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 (NASDAQ:LPTH) last posted its earnings results on Thursday, September 13th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). LightPath Technologies had a return on equity of 26.31% and a net margin of 24.61%.

LightPath Technologies Company Profile

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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Earnings History and Estimates for LightPath Technologies (NASDAQ:LPTH)

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