Wall Street analysts predict that Nlight Inc (NASDAQ:LASR) will report sales of $57.72 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Nlight’s earnings. The highest sales estimate is $58.50 million and the lowest is $56.66 million. Nlight reported sales of $43.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31.8%. The firm is scheduled to issue its next earnings report on Monday, November 2nd.
According to Zacks, analysts expect that Nlight will report full year sales of $210.56 million for the current year, with estimates ranging from $205.29 million to $215.00 million. For the next year, analysts anticipate that the company will report sales of $245.01 million, with estimates ranging from $234.52 million to $256.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Nlight.
Nlight (NASDAQ:LASR) last posted its earnings results on Wednesday, August 5th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01). The firm had revenue of $52.14 million for the quarter, compared to analysts’ expectations of $48.01 million. Nlight had a negative return on equity of 9.17% and a negative net margin of 14.17%.
LASR has been the subject of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of Nlight in a report on Thursday, August 6th. Canaccord Genuity raised their price objective on shares of Nlight from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Investment Research lowered shares of Nlight from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Needham & Company LLC raised their price objective on shares of Nlight from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, BidaskClub lowered shares of Nlight from a “hold” rating to a “sell” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.00.
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In related news, CFO Ran Bareket sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $24.21, for a total transaction of $302,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott H. Keeney sold 14,554 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $22.39, for a total transaction of $325,864.06. The disclosure for this sale can be found here. Insiders have sold 37,054 shares of company stock valued at $866,189 in the last ninety days. Insiders own 5.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in LASR. Marshall Wace LLP bought a new stake in shares of Nlight during the first quarter valued at approximately $379,000. Raymond James & Associates grew its position in Nlight by 15.8% in the 1st quarter. Raymond James & Associates now owns 27,760 shares of the company’s stock worth $291,000 after purchasing an additional 3,782 shares during the period. SG Americas Securities LLC bought a new stake in Nlight in the 1st quarter worth approximately $406,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Nlight in the 1st quarter worth approximately $132,000. Finally, Russell Investments Group Ltd. bought a new stake in Nlight in the 1st quarter worth approximately $3,396,000. 81.72% of the stock is owned by institutional investors.
Nlight stock opened at $22.60 on Thursday. The company has a current ratio of 5.52, a quick ratio of 4.16 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $23.03 and a 200-day moving average of $19.44. The firm has a market cap of $878.55 million, a P/E ratio of -32.75 and a beta of 2.59. Nlight has a 1-year low of $9.03 and a 1-year high of $26.48.
About Nlight
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It also produces optical fiber products. The company markets and sells its products to original equipment manufacturers primarily through direct sales force in the United States, China, South Korea, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.
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