LightPath Technologies (LPTH) to Release Quarterly Earnings on Thursday

LightPath Technologies (NASDAQ:LPTH - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $8.63 million for the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. During the same quarter in the previous year, the company posted ($0.02) EPS.

LightPath Technologies Stock Performance

Shares of NASDAQ:LPTH traded up $0.01 during mid-day trading on Thursday, reaching $1.59. The company had a trading volume of 38,090 shares, compared to its average volume of 55,152. LightPath Technologies has a one year low of $1.04 and a one year high of $1.74. The company has a current ratio of 1.93, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $1.40 and its 200-day moving average price is $1.36. The firm has a market cap of $61.70 million, a price-to-earnings ratio of -8.78 and a beta of 1.31.

Analysts Set New Price Targets

LPTH has been the topic of a number of recent research reports. StockNews.com initiated coverage on LightPath Technologies in a research report on Wednesday. They set a "hold" rating on the stock. HC Wainwright reaffirmed a "buy" rating and set a $3.00 price objective on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Company Profile

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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.