Brokerages expect Luna Innovations Incorporated (NASDAQ:LUNA) to post sales of $11.46 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Luna Innovations’ earnings. The highest sales estimate is $11.60 million and the lowest is $11.32 million. Luna Innovations posted sales of $13.22 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 19th.
According to Zacks, analysts expect that Luna Innovations will report full-year sales of $43.71 million for the current financial year, with estimates ranging from $39.52 million to $47.90 million. For the next financial year, analysts expect that the company will report sales of $44.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Luna Innovations.
Luna Innovations (NASDAQ:LUNA) last posted its quarterly earnings results on Thursday, November 8th. The scientific and technical instruments company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Luna Innovations had a net margin of 34.13% and a return on equity of 4.98%. The business had revenue of $10.69 million during the quarter, compared to analyst estimates of $9.90 million.
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Luna Innovations by 96.5% in the 1st quarter. JPMorgan Chase & Co. now owns 63,491 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 31,184 shares during the last quarter. Alambic Investment Management L.P. grew its position in shares of Luna Innovations by 21.1% in the 2nd quarter. Alambic Investment Management L.P. now owns 106,574 shares of the scientific and technical instruments company’s stock worth $318,000 after buying an additional 18,563 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Luna Innovations by 106.1% in the 2nd quarter. Acadian Asset Management LLC now owns 128,838 shares of the scientific and technical instruments company’s stock worth $384,000 after buying an additional 66,327 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Luna Innovations by 50.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 212,354 shares of the scientific and technical instruments company’s stock worth $688,000 after buying an additional 71,055 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Luna Innovations by 6.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 450,400 shares of the scientific and technical instruments company’s stock worth $1,342,000 after buying an additional 29,000 shares during the last quarter. Institutional investors and hedge funds own 23.37% of the company’s stock.
Shares of NASDAQ:LUNA traded up $0.02 during trading hours on Monday, hitting $3.52. The company’s stock had a trading volume of 58,173 shares, compared to its average volume of 48,529. Luna Innovations has a 52 week low of $1.53 and a 52 week high of $4.32. The firm has a market cap of $89.62 million, a P/E ratio of 41.00 and a beta of 0.74.
Luna Innovations Company Profile
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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