Analysts Expect nLIGHT, Inc. (NASDAQ:LASR) to Announce -$0.07 Earnings Per Share

Brokerages predict that nLIGHT, Inc. (NASDAQ:LASR – Get Rating) will report ($0.07) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for nLIGHT’s earnings. nLIGHT reported earnings per share of $0.09 during the same quarter last year, which would indicate a negative year over year growth rate of 177.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that nLIGHT will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.06) to $0.02. For the next fiscal year, analysts anticipate that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.25 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover nLIGHT.

nLIGHT (NASDAQ:LASR – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. nLIGHT had a negative net margin of 11.76% and a negative return on equity of 9.81%. The firm had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $63.77 million. During the same period last year, the company posted ($0.14) EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year.

A number of analysts have weighed in on the stock. Craig Hallum lowered shares of nLIGHT from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Friday, February 18th. DA Davidson reduced their price target on shares of nLIGHT from $38.00 to $30.00 in a research report on Friday, May 6th. Raymond James cut their price objective on shares of nLIGHT from $50.00 to $40.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 18th. TheStreet lowered shares of nLIGHT from a “c-” rating to a “d” rating in a report on Friday, February 18th. Finally, Needham & Company LLC dropped their target price on shares of nLIGHT from $35.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $29.40.

NASDAQ LASR traded up $0.62 during trading hours on Thursday, reaching $11.71. 7,434 shares of the company’s stock traded hands, compared to its average volume of 298,467. nLIGHT has a 52-week low of $11.04 and a 52-week high of $36.95. The firm has a market cap of $521.56 million, a PE ratio of -15.57 and a beta of 2.37. The firm has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $20.11.

Hedge funds have recently added to or reduced their stakes in the business. Sittner & Nelson LLC raised its holdings in nLIGHT by 5.5% during the third quarter. Sittner & Nelson LLC now owns 30,584 shares of the company’s stock worth $862,000 after purchasing an additional 1,600 shares in the last quarter. Tudor Investment Corp Et Al acquired a new stake in nLIGHT during the third quarter worth approximately $362,000. Panagora Asset Management Inc. raised its holdings in nLIGHT by 62.2% during the third quarter. Panagora Asset Management Inc. now owns 90,502 shares of the company’s stock worth $2,551,000 after purchasing an additional 34,718 shares in the last quarter. Barclays PLC grew its position in shares of nLIGHT by 174.2% during the third quarter. Barclays PLC now owns 17,383 shares of the company’s stock worth $490,000 after acquiring an additional 11,044 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of nLIGHT by 9.0% during the third quarter. Arizona State Retirement System now owns 10,494 shares of the company’s stock worth $296,000 after acquiring an additional 863 shares during the last quarter. 80.71% of the stock is currently owned by institutional investors.

nLIGHT Company Profile (Get Rating)

nLIGHT, Inc designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications.

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