Trade Report: The Q1 2017 EPS Estimates for LightPath Technologies Inc. (LPTH) Cut by Taglich Brothers

The Q1 2017 EPS Estimates for LightPath Technologies Inc. (LPTH) Cut by Taglich Brothers

LightPath Technologies Inc. (NASDAQ:LPTH) – Investment analysts at Taglich Brothers lowered their Q1 2017 earnings estimates for shares of LightPath Technologies in a note issued to investors on Monday. Taglich Brothers analyst J. Nobile now forecasts that the brokerage will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.03. Taglich Brothers also issued estimates for LightPath Technologies’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.

LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, September 15th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. LightPath Technologies had a return on equity of 15.03% and a net margin of 8.19%. The business earned $4.73 million during the quarter.

Separately, Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th.

Shares of LightPath Technologies (NASDAQ:LPTH) traded down 4.14% during trading on Wednesday, reaching $1.62. The company’s stock had a trading volume of 47,205 shares. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $1.84. LightPath Technologies has a 12-month low of $1.44 and a 12-month high of $3.79. The stock has a market cap of $25.33 million, a P/E ratio of 20.25 and a beta of -0.26.

Large investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. raised its stake in LightPath Technologies by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 238,009 shares of the company’s stock valued at $481,000 after buying an additional 2,061 shares in the last quarter. Renaissance Technologies LLC raised its stake in LightPath Technologies by 58.6% in the first quarter. Renaissance Technologies LLC now owns 205,700 shares of the company’s stock valued at $416,000 after buying an additional 76,000 shares in the last quarter. Navellier & Associates Inc raised its stake in LightPath Technologies by 28.2% in the second quarter. Navellier & Associates Inc now owns 96,117 shares of the company’s stock valued at $167,000 after buying an additional 21,117 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in LightPath Technologies by 2.2% in the second quarter. Vanguard Group Inc. now owns 357,762 shares of the company’s stock valued at $622,000 after buying an additional 7,600 shares in the last quarter. 8.64% of the stock is owned by institutional investors.

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