Lumenpulse Inc to Post Q3 2017 Earnings of $0.16 Per Share, Raymond James Financial Forecasts (LMP)
Lumenpulse Inc (TSE:LMP) – Analysts at Raymond James Financial dropped their Q3 2017 earnings per share (EPS) estimates for Lumenpulse in a research note issued to investors on Thursday. Raymond James Financial analyst S. Li now expects that the firm will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.18. Raymond James Financial also issued estimates for Lumenpulse’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.60 EPS and FY2018 earnings at $0.99 EPS.
Several other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada lifted their target price on Lumenpulse from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank reaffirmed a “sector perform” rating and issued a C$19.00 target price on shares of Lumenpulse in a report on Wednesday, September 7th. National Bank Financial reaffirmed an “outperform” rating and issued a C$21.00 target price on shares of Lumenpulse in a report on Wednesday, September 7th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Lumenpulse in a report on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Lumenpulse has a consensus rating of “Buy” and an average target price of C$19.60.
Lumenpulse (TSE:LMP) opened at 17.56 on Monday. The stock has a market cap of $448.38 million and a PE ratio of 351.20. The stock has a 50 day moving average price of $17.31 and a 200-day moving average price of $16.55. Lumenpulse has a 1-year low of $12.02 and a 1-year high of $19.19.
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In related news, Director Michel Ringuet acquired 7,869 shares of Lumenpulse stock in a transaction on Tuesday, July 5th. The shares were bought at an average cost of C$16.25 per share, with a total value of C$127,871.25.
Lumenpulse Company Profile
Lumenpulse Inc is engaged in the design, development, assembly and sale of lighting products. The Company operates in two segments: Lumenpulse LED products (LP) and other manufacturers’ products (OMP). The Company’s LP segments’ products consist of light-emitting diode (LED) lighting solutions. The Company’s LP segment designs, manufactures and sells lighting fixtures and solutions for indoor and outdoor applications with its focus on the commercial, institutional and urban environment markets.
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