Wall Street brokerages expect Nlight Inc (NASDAQ:LASR) to announce $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Nlight’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.10. The business is scheduled to announce its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that Nlight will report full-year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.47. For the next year, analysts anticipate that the firm will post earnings of $0.58 per share, with EPS estimates ranging from $0.50 to $0.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Nlight.
Nlight (NASDAQ:LASR) last announced its earnings results on Monday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $51.03 million for the quarter, compared to the consensus estimate of $49.20 million. Nlight had a net margin of 6.93% and a return on equity of 9.94%. Nlight’s quarterly revenue was up 39.6% compared to the same quarter last year.
LASR has been the topic of several research reports. Zacks Investment Research raised shares of Nlight from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Saturday, December 8th. DA Davidson decreased their price target on shares of Nlight to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, November 6th. Needham & Company LLC decreased their price target on shares of Nlight from $37.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Stifel Nicolaus decreased their price target on shares of Nlight from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 8th. Finally, Susquehanna Bancshares initiated coverage on shares of Nlight in a research note on Friday, November 30th. They set a “neutral” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Nlight presently has a consensus rating of “Buy” and an average target price of $29.44.
LASR stock opened at $17.68 on Wednesday. Nlight has a one year low of $16.25 and a one year high of $43.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 7.71 and a current ratio of 9.12.
In related news, insider Robert Martinsen sold 1,378 shares of Nlight stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $19.98, for a total value of $27,532.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David D. Osborne sold 33,000 shares of Nlight stock in a transaction on Monday, November 19th. The stock was sold at an average price of $18.76, for a total transaction of $619,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,500 shares of company stock worth $668,050.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Nlight in the second quarter valued at $107,000. Rhumbline Advisers bought a new stake in Nlight in the second quarter valued at $202,000. King Luther Capital Management Corp bought a new stake in Nlight in the second quarter valued at $331,000. Raymond James & Associates bought a new stake in Nlight in the second quarter valued at $403,000. Finally, LPL Financial LLC bought a new stake in Nlight in the third quarter valued at $279,000. Institutional investors and hedge funds own 57.97% of the company’s stock.
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.
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