Equities research analysts expect Luna Innovations Incorporated (NASDAQ:LUNA) to announce earnings per share (EPS) of $0.01 for the current quarter, Zacks reports. Three analysts have provided estimates for Luna Innovations’ earnings, with estimates ranging from $0.00 to $0.01. Luna Innovations reported earnings of $0.03 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings results on Tuesday, March 19th.
Zacks’ EPS averages are a mean average based on a survey of analysts that cover Luna Innovations.
Luna Innovations (NASDAQ:LUNA) last announced its quarterly earnings results on Thursday, November 15th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Luna Innovations had a return on equity of 6.18% and a net margin of 20.93%. The firm had revenue of $10.69 million during the quarter, compared to analyst estimates of $9.90 million.
LUNA has been the topic of several research analyst reports. ValuEngine upgraded Luna Innovations from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. B. Riley began coverage on Luna Innovations in a report on Tuesday, January 15th. They set a “buy” rating and a $4.60 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $4.30.
Shares of Luna Innovations stock traded up $0.07 on Monday, hitting $3.24. The company’s stock had a trading volume of 14,400 shares, compared to its average volume of 29,456. Luna Innovations has a 1 year low of $2.18 and a 1 year high of $4.32. The firm has a market cap of $90.53 million, a PE ratio of 31.70 and a beta of 0.67.
Several institutional investors have recently modified their holdings of LUNA. Vanguard Group Inc boosted its holdings in shares of Luna Innovations by 25.9% during the 3rd quarter. Vanguard Group Inc now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after purchasing an additional 177,962 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Luna Innovations by 25.9% during the 3rd quarter. Vanguard Group Inc. now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after purchasing an additional 177,962 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Luna Innovations by 82.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 388,257 shares of the scientific and technical instruments company’s stock worth $1,157,000 after purchasing an additional 175,903 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Luna Innovations by 8.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,104,905 shares of the scientific and technical instruments company’s stock worth $3,293,000 after purchasing an additional 87,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Luna Innovations by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 468,147 shares of the scientific and technical instruments company’s stock worth $1,568,000 after purchasing an additional 3,125 shares during the last quarter. Institutional investors and hedge funds own 21.83% of the company’s stock.
Luna Innovations Company Profile
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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