Nlight Inc (LASR) Expected to Post Quarterly Sales of $42.03 Million

Brokerages forecast that Nlight Inc (NASDAQ:LASR) will announce $42.03 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Nlight’s earnings. The lowest sales estimate is $42.00 million and the highest is $42.10 million. Nlight posted sales of $42.47 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Nlight will report full-year sales of $208.77 million for the current financial year, with estimates ranging from $200.00 million to $225.87 million. For the next fiscal year, analysts expect that the company will post sales of $247.47 million, with estimates ranging from $241.40 million to $251.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Nlight.

Nlight (NASDAQ:LASR) last announced its earnings results on Wednesday, February 20th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $46.16 million for the quarter, compared to the consensus estimate of $46.64 million. Nlight had a return on equity of 8.37% and a net margin of 7.28%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS.

Several brokerages have commented on LASR. Zacks Investment Research downgraded Nlight from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Craig Hallum began coverage on Nlight in a report on Friday, February 8th. They set a “hold” rating and a $20.00 target price on the stock. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Nlight in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Nlight presently has a consensus rating of “Hold” and a consensus target price of $28.50.

In related news, major shareholder Sixth Mdv Partners, L.L.C. sold 200,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $22.95, for a total value of $4,590,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ran Bareket sold 20,309 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $20.00, for a total value of $406,180.00. The disclosure for this sale can be found here. Insiders sold a total of 251,309 shares of company stock worth $5,671,795 over the last three months.

Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in Nlight in the 4th quarter valued at about $34,000. Oppenheimer Asset Management Inc. bought a new stake in Nlight in the 4th quarter valued at about $38,000. Citigroup Inc. increased its position in Nlight by 34.0% in the 4th quarter. Citigroup Inc. now owns 2,563 shares of the company’s stock valued at $46,000 after buying an additional 650 shares in the last quarter. Legal & General Group Plc increased its position in Nlight by 302.6% in the 4th quarter. Legal & General Group Plc now owns 4,119 shares of the company’s stock valued at $73,000 after buying an additional 3,096 shares in the last quarter. Finally, Advisor Group Inc. increased its position in Nlight by 55.3% in the 4th quarter. Advisor Group Inc. now owns 4,578 shares of the company’s stock valued at $81,000 after buying an additional 1,631 shares in the last quarter. 75.76% of the stock is owned by institutional investors and hedge funds.

LASR traded down $0.13 during midday trading on Friday, hitting $24.35. 3,580 shares of the company were exchanged, compared to its average volume of 416,285. The company has a market capitalization of $899.64 million and a PE ratio of 76.04. Nlight has a 1-year low of $16.25 and a 1-year high of $43.63.

Nlight Company Profile

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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