Dougherty & Co Weighs in on LightPath Technologies, Inc.’s Q1 2018 Earnings (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings estimates for shares of LightPath Technologies in a research report issued to clients and investors on Monday. Dougherty & Co analyst J. Maxa expects that the technology company will post earnings of $0.02 per share for the quarter. Dougherty & Co currently has a “Buy” rating and a $3.10 target price on the stock. Dougherty & Co also issued estimates for LightPath Technologies’ FY2018 earnings at $0.11 EPS.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, September 14th. The technology company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.20. LightPath Technologies had a return on equity of 31.44% and a net margin of 25.13%. The business had revenue of $9.01 million during the quarter, compared to the consensus estimate of $8.75 million.

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Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. ValuEngine upgraded LightPath Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $2.80.

Shares of LightPath Technologies (NASDAQ:LPTH) traded down $0.08 during midday trading on Tuesday, hitting $2.49. The company had a trading volume of 759,700 shares, compared to its average volume of 351,315. The company has a current ratio of 3.18, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32. LightPath Technologies has a 52-week low of $1.21 and a 52-week high of $4.10. The firm has a market capitalization of $61.10, a P/E ratio of 7.79, a PEG ratio of 1.22 and a beta of -0.49.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in LightPath Technologies by 45.9% in the third quarter. Dimensional Fund Advisors LP now owns 453,767 shares of the technology company’s stock worth $1,162,000 after acquiring an additional 142,720 shares in the last quarter. Foundry Partners LLC increased its position in LightPath Technologies by 8.5% during the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock worth $984,000 after purchasing an additional 30,000 shares in the last quarter. Essex Investment Management Co. LLC increased its position in LightPath Technologies by 152.6% during the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after purchasing an additional 86,541 shares in the last quarter. Manatuck Hill Partners LLC increased its position in LightPath Technologies by 2.3% during the 2nd quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock worth $3,038,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its position in LightPath Technologies by 601.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock worth $582,000 after purchasing an additional 184,960 shares in the last quarter. Hedge funds and other institutional investors own 32.67% of the company’s stock.

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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