Nlight (NASDAQ:LASR) posted its quarterly earnings results on Monday. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01), Bloomberg Earnings reports. Nlight had a return on equity of 4.77% and a net margin of 5.13%. 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 prior year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Nlight updated its Q3 2019 guidance to EPS.
NASDAQ LASR traded down $0.88 during trading hours on Monday, reaching $14.43. The company’s stock had a trading volume of 940,200 shares, compared to its average volume of 419,974. The business’s 50-day moving average is $17.33. Nlight has a 1 year low of $14.36 and a 1 year high of $35.73. The stock has a market cap of $566.55 million, a P/E ratio of 45.09, a price-to-earnings-growth ratio of 5.83 and a beta of 2.00.
A number of research analysts recently commented on LASR shares. Zacks Investment Research raised Nlight from a “sell” rating to a “hold” rating in a report on Saturday. Needham & Company LLC lowered their price target on Nlight to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, ValuEngine raised Nlight from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.13.
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: What can cause a stock to outperform?
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.