Shares of Luna Innovations Incorporated (NASDAQ:LUNA) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a 12-month consensus price objective of $4.78 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Luna Innovations an industry rank of 81 out of 256 based on the ratings given to related companies.
Separately, Dawson James started coverage on Luna Innovations in a research report on Tuesday, October 2nd. They issued a “buy” rating on the stock.
NASDAQ:LUNA opened at $3.44 on Wednesday. The stock has a market capitalization of $91.91 million, a PE ratio of 32.90 and a beta of 0.73. Luna Innovations has a twelve month low of $2.03 and a twelve month high of $4.32.
Luna Innovations (NASDAQ:LUNA) last released its quarterly earnings results on Thursday, November 15th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $10.69 million for the quarter, compared to the consensus estimate of $9.90 million. Luna Innovations had a net margin of 20.93% and a return on equity of 6.18%. As a group, research analysts anticipate that Luna Innovations will post 0.07 EPS for the current year.
About Luna Innovations
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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