Nlight Inc (LASR) Expected to Post Quarterly Sales of $42.03 Million

Analysts expect Nlight Inc (NASDAQ:LASR) to report sales of $42.03 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nlight’s earnings, with the highest sales estimate coming in at $42.10 million and the lowest estimate coming in at $42.00 million. Nlight reported sales of $42.47 million in the same quarter last year, which indicates a negative year over year growth rate of 1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Nlight will report full year sales of $203.07 million for the current fiscal year, with estimates ranging from $200.00 million to $206.20 million. For the next year, analysts anticipate that the firm will report sales of $247.47 million, with estimates ranging from $241.40 million to $251.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Nlight.

Nlight (NASDAQ:LASR) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $46.16 million during the quarter, compared to analysts’ expectations of $46.64 million. Nlight had a net margin of 7.28% and a return on equity of 8.37%. Nlight’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS.

A number of brokerages recently commented on LASR. Northcoast Research reaffirmed a “hold” rating on shares of Nlight in a report on Tuesday, January 29th. Craig Hallum began coverage on Nlight in a report on Friday, February 8th. They issued a “hold” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research raised Nlight from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.50.

Shares of NASDAQ LASR traded down $0.91 during midday trading on Friday, hitting $24.80. 20,526 shares of the stock traded hands, compared to its average volume of 420,199. The stock has a market capitalization of $949.55 million and a price-to-earnings ratio of 77.69. Nlight has a one year low of $16.25 and a one year high of $43.63.

In related news, major shareholder Sixth Mdv Partners, L.L.C. sold 200,000 shares of Nlight stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $22.95, for a total value of $4,590,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ran Bareket sold 5,000 shares of Nlight stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $20.53, for a total value of $102,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,000 shares of company stock valued at $5,545,525.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LASR. JPMorgan Chase & Co. grew its position in Nlight by 1,201.0% in the first 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 in the last quarter. Clearbridge Investments LLC grew its position in Nlight by 592.3% in the third quarter. Clearbridge Investments LLC now owns 1,238,871 shares of the company’s stock worth $27,515,000 after acquiring an additional 1,059,921 shares in the last quarter. Neuberger Berman Group LLC grew its position in Nlight by 408.7% in 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in Nlight by 241.1% in the fourth 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 in the last quarter. Finally, BlackRock Inc. grew its position in Nlight by 188.7% in the fourth 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 in the last quarter. Institutional investors own 75.64% of the company’s stock.

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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