LightPath Technologies (LPTH) Announces Earnings Results, Misses Estimates By $0.01 EPS

LightPath Technologies (NASDAQ:LPTH) posted its earnings results on Thursday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Fidelity Earnings reports. LightPath Technologies had a net margin of 3.26% and a return on equity of 3.75%. The firm had revenue of $8.55 million during the quarter, compared to analyst estimates of $8.09 million.

NASDAQ LPTH traded down $0.04 during midday trading on Friday, hitting $1.85. The company had a trading volume of 146,259 shares, compared to its average volume of 87,377. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.39 and a quick ratio of 2.27. The firm has a market capitalization of $48.97 million, a price-to-earnings ratio of 38.00, a P/E/G ratio of 2.00 and a beta of -0.74. LightPath Technologies has a fifty-two week low of $1.65 and a fifty-two week high of $3.40.

LPTH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Roth Capital set a $3.00 price target on shares of LightPath Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Dougherty & Co lowered shares of LightPath Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.83.

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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, and other optical materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.

Read More: Compound Annual Growth Rate (CAGR)

Earnings History for LightPath Technologies (NASDAQ:LPTH)

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