$0.06 Earnings Per Share Expected for Nlight Inc (NASDAQ:LASR) This Quarter

Brokerages forecast that Nlight Inc (NASDAQ:LASR) will announce earnings of $0.06 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Nlight’s earnings, with estimates ranging from $0.05 to $0.07. Nlight posted earnings per share of $0.14 in the same quarter last year, which would suggest a negative year over year growth rate of 57.1%. The company is expected to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Nlight will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.37. For the next year, analysts expect that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Nlight.

Nlight (NASDAQ:LASR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $41.86 million for the quarter, compared to analyst estimates of $42.47 million. Nlight had a return on equity of 4.77% and a net margin of 5.13%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share.

LASR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Nlight from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 price target (down previously from $27.00) on shares of Nlight in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.75.

In related news, insider Scott H. Keeney sold 4,935 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $23.11, for a total value of $114,047.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Martinsen sold 6,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $25.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Insiders sold a total of 29,370 shares of company stock valued at $713,017 in the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Nlight by 1,201.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,026,168 shares of the company’s stock worth $45,143,000 after acquiring an additional 1,870,434 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Nlight by 241.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,221,586 shares of the company’s stock worth $21,720,000 after acquiring an additional 863,440 shares during the period. BlackRock Inc. boosted its position in Nlight by 188.7% during the 4th quarter. BlackRock Inc. now owns 1,161,739 shares of the company’s stock worth $20,656,000 after acquiring an additional 759,305 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Nlight during the 4th quarter worth about $11,393,000. Finally, Royce & Associates LP boosted its position in Nlight by 65.0% during the 4th quarter. Royce & Associates LP now owns 1,432,621 shares of the company’s stock worth $25,472,000 after acquiring an additional 564,496 shares during the period. Institutional investors and hedge funds own 78.25% of the company’s stock.

Shares of LASR traded down $0.75 during trading hours on Tuesday, reaching $18.08. 243,051 shares of the company’s stock traded hands, compared to its average volume of 397,797. The company has a market cap of $711.60 million, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 7.33 and a beta of 2.22. Nlight has a twelve month low of $16.25 and a twelve month high of $43.63. The stock has a fifty day simple moving average of $20.44.

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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