Zacks: Analysts Anticipate Nlight Inc (NASDAQ:LASR) to Post $0.06 EPS

Analysts expect Nlight Inc (NASDAQ:LASR) to post earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nlight’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Nlight reported earnings per share of $0.14 during the same quarter last year, which would suggest a negative year-over-year growth rate of 57.1%. The firm is scheduled to report its next earnings report after the market closes on Monday, August 5th.

On average, analysts expect that Nlight will report full year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.25 to $0.37. For the next financial year, analysts expect that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Nlight.

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

Several brokerages have issued reports on LASR. ValuEngine upgraded Nlight from a “hold” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC dropped their target price on Nlight to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Zacks Investment Research downgraded Nlight from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.13.

LASR traded down $0.32 during trading on Friday, hitting $15.31. The company’s stock had a trading volume of 597,145 shares, compared to its average volume of 416,459. The company’s 50 day moving average price is $17.53. Nlight has a 12 month low of $14.78 and a 12 month high of $35.73. The company has a market capitalization of $573.66 million, a PE ratio of 47.84, a price-to-earnings-growth ratio of 6.49 and a beta of 2.02.

In other Nlight news, insider Robert Martinsen sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.04, for a total value of $30,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ran Bareket sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $25.07, for a total value of $125,350.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,370 shares of company stock valued at $388,287. Insiders own 5.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in shares of Nlight by 34.0% in the fourth quarter. Citigroup Inc. now owns 2,563 shares of the company’s stock valued at $46,000 after purchasing an additional 650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Nlight by 112.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the company’s stock worth $51,000 after acquiring an additional 1,214 shares during the last quarter. Motley Fool Wealth Management LLC grew its position in shares of Nlight by 0.5% during the first quarter. Motley Fool Wealth Management LLC now owns 304,003 shares of the company’s stock worth $6,773,000 after acquiring an additional 1,482 shares during the last quarter. Advisor Group Inc. grew its position in shares of Nlight by 55.3% during the fourth quarter. Advisor Group Inc. now owns 4,578 shares of the company’s stock worth $81,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Nlight by 81.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,902 shares of the company’s stock worth $87,000 after acquiring an additional 1,757 shares during the last quarter. Hedge funds and other institutional investors own 78.55% 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.

Further Reading: Moving Average Convergence Divergence (MACD)

Get a free copy of the Zacks research report on Nlight (LASR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Nlight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nlight and related companies with MarketBeat.com's FREE daily email newsletter.