FY2018 EPS Estimates for LightPath Technologies, Inc. Reduced by Dougherty & Co (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) – Analysts at Dougherty & Co reduced their FY2018 earnings per share estimates for shares of LightPath Technologies in a report released on Friday. Dougherty & Co analyst J. Maxa now anticipates that the technology company will earn $0.18 per share for the year, down from their previous estimate of $0.22. Dougherty & Co currently has a “Buy” rating and a $3.10 price target on the stock.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2.80.

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Shares of LightPath Technologies (NASDAQ:LPTH) traded up 1.06% on Monday, reaching $2.87. 51,986 shares of the company were exchanged. The firm’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.70. LightPath Technologies has a 52 week low of $1.21 and a 52 week high of $3.33. The stock has a market capitalization of $69.59 million, a price-to-earnings ratio of 7.97 and a beta of -0.58.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, September 14th. The technology company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.20. The company had revenue of $9.01 million for the quarter, compared to the consensus estimate of $8.75 million. LightPath Technologies had a net margin of 27.16% and a return on equity of 37.81%.

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of LightPath Technologies in the 1st quarter valued at $137,000. Royce & Associates LP boosted its holdings in shares of LightPath Technologies by 53.0% in the 2nd quarter. Royce & Associates LP now owns 1,032,600 shares of the technology company’s stock valued at $2,788,000 after acquiring an additional 357,600 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of LightPath Technologies by 191.5% in the 1st quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock valued at $3,800,000 after acquiring an additional 911,200 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings in shares of LightPath Technologies by 601.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after acquiring an additional 184,960 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of LightPath Technologies in the 2nd quarter valued at $174,000. 30.81% of the stock is currently owned by institutional investors and hedge funds.

About LightPath Technologies

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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

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