LightPath Technologies, Inc. (LPTH) Expected to Announce Quarterly Sales of $9.08 Million

Analysts predict that LightPath Technologies, Inc. (NASDAQ:LPTH) will post sales of $9.08 million for the current quarter, according to Zacks. Two analysts have issued estimates for LightPath Technologies’ earnings. The highest sales estimate is $9.15 million and the lowest is $9.00 million. LightPath Technologies posted sales of $8.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The firm is expected to report its next earnings report on Tuesday, February 12th.

On average, analysts expect that LightPath Technologies will report full-year sales of $37.21 million for the current fiscal year, with estimates ranging from $36.72 million to $37.70 million. For the next year, analysts anticipate that the company will post sales of $42.40 million, with estimates ranging from $40.90 million to $43.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow LightPath Technologies.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). LightPath Technologies had a net margin of 0.77% and a return on equity of 1.45%. The company had revenue of $8.55 million for the quarter, compared to analyst estimates of $8.09 million.



Separately, Zacks Investment Research lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. LightPath Technologies presently has a consensus rating of “Hold” and an average price target of $2.83.

LightPath Technologies stock traded down $0.03 during mid-day trading on Friday, reaching $1.80. 14,816 shares of the company traded hands, compared to its average volume of 62,181. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.15. LightPath Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $2.75. The firm has a market capitalization of $47.70 million, a price-to-earnings ratio of 45.00, a PEG ratio of 5.29 and a beta of -0.29.

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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