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

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

LPTH traded down $0.04 on Friday, hitting $1.85. The company had a trading volume of 146,259 shares, compared to its average volume of 87,377. LightPath Technologies has a 12-month low of $1.65 and a 12-month high of $3.40. 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 PE ratio of 38.00, a price-to-earnings-growth ratio of 2.00 and a beta of -0.74.

Several equities analysts have recently commented on the company. Dougherty & Co lowered LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 11th. Finally, Roth Capital set a $3.00 target price on LightPath Technologies and gave the company a “buy” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target 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.

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Earnings History for LightPath Technologies (NASDAQ:LPTH)

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