B. Riley Analysts Boost Earnings Estimates for LightPath Technologies, Inc. (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities research analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for shares of LightPath Technologies in a research report issued on Tuesday, May 15th. B. Riley analyst S. Sherbetchyan now expects that the technology company will earn $0.10 per share for the year, up from their prior estimate of $0.09. B. Riley currently has a “Buy” rating and a $2.75 target price on the stock. B. Riley also issued estimates for LightPath Technologies’ Q4 2018 earnings at $0.02 EPS, Q3 2019 earnings at $0.04 EPS and FY2019 earnings at $0.15 EPS.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Monday, May 14th. The technology company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. LightPath Technologies had a return on equity of 26.31% and a net margin of 24.61%. The company had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.42 million.

Several other equities research analysts also recently weighed in on LPTH. ValuEngine downgraded LightPath Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut LightPath Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Finally, Roth Capital set a $3.00 price objective on LightPath Technologies and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. LightPath Technologies has an average rating of “Buy” and an average price target of $2.90.

Shares of LightPath Technologies opened at $2.12 on Wednesday, according to Marketbeat Ratings. The company has a current ratio of 3.66, a quick ratio of 2.75 and a debt-to-equity ratio of 0.16. LightPath Technologies has a 1-year low of $2.16 and a 1-year high of $2.25. The stock has a market cap of $55.32 million, a price-to-earnings ratio of 5.58, a P/E/G ratio of 1.72 and a beta of -0.23.

Several large investors have recently added to or reduced their stakes in LPTH. Goldman Sachs Group Inc. acquired a new position in shares of LightPath Technologies during the 4th quarter worth about $143,000. Penbrook Management LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth about $159,000. Virtu Financial LLC boosted its position in shares of LightPath Technologies by 414.2% during the 4th quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after acquiring an additional 66,094 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of LightPath Technologies during the 1st quarter worth about $291,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of LightPath Technologies by 45.9% during the 3rd 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. 27.74% of the stock is owned by institutional investors and hedge funds.

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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.

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

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