Lantronix (NASDAQ:LTRX – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Lantronix has set its FY 2024 guidance at 0.350-0.450 EPS and its Q3 2024 guidance at 0.090-0.130 EPS.
Lantronix (NASDAQ:LTRX – Get Free Report) last posted its earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. Lantronix had a negative return on equity of 11.89% and a negative net margin of 6.67%. On average, analysts expect Lantronix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Lantronix Stock Performance
LTRX stock traded up $0.06 during trading on Friday, hitting $3.26. The company had a trading volume of 74,974 shares, compared to its average volume of 299,301. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $4.77. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95. The firm has a market cap of $122.18 million, a PE ratio of -13.04 and a beta of 2.12.
Insider Activity
Analyst Ratings Changes
Several research analysts have weighed in on LTRX shares. Roth Mkm cut their price target on Lantronix from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 9th. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC reduced their target price on shares of Lantronix from $8.50 to $7.00 and set a “buy” rating for the company in a report on Tuesday, March 12th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lantronix currently has a consensus rating of “Buy” and an average price target of $9.20.
Check Out Our Latest Analysis on LTRX
Lantronix Company Profile
Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.
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