$0.04 EPS Expected for LightPath Technologies, Inc. (LPTH) This Quarter

Brokerages predict that LightPath Technologies, Inc. (NASDAQ:LPTH) will post earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for LightPath Technologies’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. LightPath Technologies reported earnings per share of $0.02 during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The company is expected to report its next quarterly earnings report on Thursday, September 21st.

According to Zacks, analysts expect that LightPath Technologies will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.19. For the next year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for LightPath Technologies.

A number of brokerages have issued reports on LPTH. Zacks Investment Research raised shares of LightPath Technologies from a “hold” rating to a “strong-buy” rating and set a $3.00 target price for the company in a report on Tuesday, May 9th. Dougherty & Co increased their target price on shares of LightPath Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, TheStreet raised shares of LightPath Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 22nd.

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LightPath Technologies (LPTH) traded up 1.92% during midday trading on Wednesday, reaching $2.66. The company had a trading volume of 188,408 shares. The stock has a market capitalization of $64.15 million, a PE ratio of 29.56 and a beta of -0.70. The firm’s 50 day moving average is $2.91 and its 200 day moving average is $2.24. LightPath Technologies has a 1-year low of $1.21 and a 1-year high of $3.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of LightPath Technologies by 213.4% in the first quarter. Geode Capital Management LLC now owns 67,355 shares of the technology company’s stock worth $184,000 after buying an additional 45,864 shares during the period. Vanguard Group Inc. raised its stake in LightPath Technologies by 41.2% in the first quarter. Vanguard Group Inc. now owns 600,947 shares of the technology company’s stock valued at $1,647,000 after buying an additional 175,293 shares in the last quarter. Royce & Associates LP raised its stake in LightPath Technologies by 17.4% in the first quarter. Royce & Associates LP now owns 675,000 shares of the technology company’s stock valued at $1,850,000 after buying an additional 100,000 shares in the last quarter. Wellington Management Group LLP raised its stake in LightPath Technologies by 191.5% in the first quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock valued at $3,800,000 after buying an additional 911,200 shares in the last quarter. Finally, EAM Investors LLC acquired a new stake in LightPath Technologies during the first quarter valued at approximately $547,000. 27.72% of the stock is owned by institutional investors.

About LightPath Technologies

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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