Brokerages Anticipate Nlight Inc (NASDAQ:LASR) Will Announce Earnings of $0.02 Per Share

Wall Street brokerages expect Nlight Inc (NASDAQ:LASR) to announce earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Nlight’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.04. Nlight reported earnings per share of $0.15 during the same quarter last year, which would indicate a negative year-over-year growth rate of 86.7%. The company is expected to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Nlight will report full-year earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.06 to $0.15. For the next financial year, analysts forecast that the firm will report earnings of $0.32 per share, with EPS estimates ranging from $0.25 to $0.37. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Nlight.

Nlight (NASDAQ:LASR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Nlight had a net margin of 2.66% and a return on equity of 2.28%. The business had revenue of $48.05 million during the quarter, compared to analysts’ expectations of $47.79 million. During the same period in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year.

A number of research firms have weighed in on LASR. Zacks Investment Research raised shares of Nlight from a “sell” rating to a “hold” rating in a report on Thursday. DA Davidson reissued a “buy” rating and set a $20.00 price objective on shares of Nlight in a report on Tuesday, August 6th. Craig Hallum cut their price objective on shares of Nlight from $23.00 to $16.00 and set an “in-line” rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective (down previously from $21.00) on shares of Nlight in a report on Tuesday, August 6th. Finally, Canaccord Genuity cut their price objective on shares of Nlight from $28.00 to $18.00 and set an “in-line” rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.56.

NASDAQ:LASR traded down $0.70 during mid-day trading on Friday, hitting $13.65. The stock had a trading volume of 371,369 shares, compared to its average volume of 395,077. The stock has a 50-day simple moving average of $15.67 and a two-hundred day simple moving average of $20.15. The company has a market capitalization of $540.82 million, a PE ratio of 42.66 and a beta of 2.00. Nlight has a twelve month low of $13.56 and a twelve month high of $32.29.

In related news, CFO Ran Bareket sold 5,000 shares of Nlight stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.00, for a total value of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Martinsen sold 1,500 shares of Nlight stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.04, for a total transaction of $30,060.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,000 shares of company stock worth $139,250. Insiders own 5.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Nlight by 112.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the company’s stock valued at $51,000 after buying an additional 1,214 shares during the last quarter. Motley Fool Wealth Management LLC boosted its position in shares of Nlight by 0.5% during the 1st quarter. Motley Fool Wealth Management LLC now owns 304,003 shares of the company’s stock worth $6,773,000 after purchasing an additional 1,482 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Nlight by 6.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,453 shares of the company’s stock worth $489,000 after purchasing an additional 1,647 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Nlight by 81.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,902 shares of the company’s stock worth $87,000 after purchasing an additional 1,757 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Nlight by 10.2% during the 2nd quarter. D.A. Davidson & CO. now owns 20,600 shares of the company’s stock worth $396,000 after purchasing an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used 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 Asia and Europe.

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