Nlight Inc (LASR) Expected to Post Quarterly Sales of $46.93 Million

Brokerages expect Nlight Inc (NASDAQ:LASR) to post sales of $46.93 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Nlight’s earnings. The lowest sales estimate is $46.80 million and the highest is $47.02 million. The firm is expected to issue its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Nlight will report full year sales of $192.13 million for the current fiscal year, with estimates ranging from $192.00 million to $192.21 million. For the next year, analysts anticipate that the company will report sales of $223.09 million, with estimates ranging from $217.00 million to $230.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nlight.

Nlight (NASDAQ:LASR) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $51.03 million for the quarter, compared to analysts’ expectations of $49.20 million. Nlight had a net margin of 6.93% and a return on equity of 9.94%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year.

Several analysts have recently issued reports on LASR shares. Raymond James raised shares of Nlight from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Friday, September 21st. Zacks Investment Research raised shares of Nlight from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Stifel Nicolaus reduced their target price on shares of Nlight from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 8th. Northcoast Research cut shares of Nlight from a “buy” rating to a “neutral” rating in a report on Monday, October 8th. Finally, Needham & Company LLC reduced their target price on shares of Nlight from $37.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.44.

Shares of LASR traded up $0.03 during mid-day trading on Friday, hitting $17.71. 5,245 shares of the company’s stock were exchanged, compared to its average volume of 304,813. Nlight has a fifty-two week low of $16.25 and a fifty-two week high of $43.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 9.12 and a quick ratio of 7.71.

In other Nlight news, Director David D. Osborne sold 33,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $18.76, for a total value of $619,080.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Martinsen sold 1,378 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $19.98, for a total transaction of $27,532.44. The disclosure for this sale can be found here. Insiders sold 35,500 shares of company stock worth $668,050 over the last quarter.

A number of institutional investors have recently made changes to their positions in LASR. Clearbridge Investments LLC increased its stake in Nlight by 592.3% in the third quarter. Clearbridge Investments LLC now owns 1,238,871 shares of the company’s stock valued at $27,515,000 after purchasing an additional 1,059,921 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Nlight by 408.7% during the third quarter. Neuberger Berman Group LLC now owns 1,248,103 shares of the company’s stock worth $27,720,000 after acquiring an additional 1,002,773 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Nlight during the second quarter worth approximately $22,235,000. Pinnacle Associates Ltd. purchased a new position in shares of Nlight during the third quarter worth approximately $14,030,000. Finally, Royce & Associates LP grew its position in shares of Nlight by 164.6% during the third quarter. Royce & Associates LP now owns 868,125 shares of the company’s stock worth $19,281,000 after acquiring an additional 539,993 shares during the last quarter. Institutional investors own 57.97% of the company’s stock.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications 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 North America, Asia, and Europe.

Further Reading: Growth Stocks, What They Are, What They Are Not

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.

Leave a Reply