Equities analysts expect that Nlight Inc (NASDAQ:LASR) will report earnings of $0.12 per share for the current quarter, according to Zacks. Four analysts have made estimates for Nlight’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.13. The business is scheduled to report its next earnings results after the market closes on Monday, November 5th.
On average, analysts expect that Nlight will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.44 to $0.47. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.51 to $0.69. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Nlight.
Nlight (NASDAQ:LASR) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $51.70 million during the quarter, compared to analyst estimates of $50.25 million. The business’s revenue was up 49.0% compared to the same quarter last year.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Nlight from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, July 24th. Benchmark assumed coverage on shares of Nlight in a research note on Tuesday, August 28th. They issued a “sell” rating for the company. Raymond James upgraded shares of Nlight from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, September 21st. Northcoast Research downgraded shares of Nlight from a “buy” rating to a “neutral” rating in a research note on Monday, October 8th. Finally, Stifel Nicolaus decreased their target price on shares of Nlight from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.71.
NASDAQ LASR opened at $20.50 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.69 and a current ratio of 5.73. Nlight has a 1 year low of $16.25 and a 1 year high of $43.63.
In other news, insider Scott H. Keeney sold 180,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $25.44, for a total transaction of $4,579,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bandel L. Carano sold 1,109,417 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $25.44, for a total transaction of $28,223,568.48. The disclosure for this sale can be found here. Insiders have sold 2,481,622 shares of company stock valued at $63,132,464 in the last quarter.
Several institutional investors and hedge funds have recently made changes to their positions in LASR. Russell Investments Group Ltd. purchased a new position in Nlight during the second quarter worth about $107,000. Bank of Montreal Can purchased a new position in Nlight during the second quarter worth about $158,000. Rhumbline Advisers purchased a new position in Nlight during the second quarter worth about $202,000. Essex Investment Management Co. LLC purchased a new position in Nlight during the second quarter worth about $225,000. Finally, Carillon Tower Advisers Inc. purchased a new position in Nlight during the second quarter worth about $317,000. Institutional investors and hedge funds own 46.54% of the company’s stock.
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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