Wall Street analysts expect Luna Innovations Incorporated (NASDAQ:LUNA) to announce earnings per share (EPS) of $0.01 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Luna Innovations’ earnings. The highest EPS estimate is $0.01 and the lowest is $0.00. Luna Innovations reported earnings per share of $0.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, March 19th.
Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Luna Innovations.
Luna Innovations (NASDAQ:LUNA) last posted its quarterly earnings data on Thursday, November 15th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. Luna Innovations had a net margin of 20.93% and a return on equity of 6.18%. The company had revenue of $10.69 million for the quarter, compared to the consensus estimate of $9.90 million.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Luna Innovations by 1.9% in the third quarter. Renaissance Technologies LLC now owns 1,125,807 shares of the scientific and technical instruments company’s stock valued at $3,636,000 after purchasing an additional 20,902 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Luna Innovations by 25.9% in the third quarter. Vanguard Group Inc now owns 864,099 shares of the scientific and technical instruments company’s stock valued at $2,791,000 after purchasing an additional 177,962 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Luna Innovations by 25.9% in the third quarter. Vanguard Group Inc. now owns 864,099 shares of the scientific and technical instruments company’s stock valued at $2,791,000 after buying an additional 177,962 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Luna Innovations by 29.6% in the third quarter. Dimensional Fund Advisors LP now owns 503,203 shares of the scientific and technical instruments company’s stock valued at $1,625,000 after buying an additional 114,946 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Luna Innovations by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 468,147 shares of the scientific and technical instruments company’s stock valued at $1,568,000 after buying an additional 3,125 shares in the last quarter. Institutional investors own 21.83% of the company’s stock.
Shares of NASDAQ LUNA traded up $0.07 during midday trading on Monday, reaching $3.24. The company’s stock had a trading volume of 14,400 shares, compared to its average volume of 29,456. Luna Innovations has a fifty-two week low of $2.18 and a fifty-two week high of $4.32. The company has a market capitalization of $90.53 million, a PE ratio of 31.70 and a beta of 0.67.
Luna Innovations Company Profile
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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