B. Riley Forecasts Weaker Earnings for Byrna Technologies

Key Points

• B. Riley has lowered its FY2025 earnings per share estimate for Byrna Technologies from $0.37 to $0.32, while maintaining a "Buy" rating and a target price of $46.00.
• Despite the downgrade, Byrna Technologies is currently rated as a "Buy" by multiple analysts, with a consensus price target of $38.75.
• Byrna Technologies reported earnings of $0.10 per share for the last quarter, exceeding analyst expectations, and recorded a revenue of $28.505 million.

Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) - Equities research analysts at B. Riley reduced their FY2025 EPS estimates for shares of Byrna Technologies in a research note issued to investors on Tuesday, August 26th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.32 per share for the year, down from their previous estimate of $0.37. B. Riley currently has a "Buy" rating and a $46.00 target price on the stock. The consensus estimate for Byrna Technologies' current full-year earnings is $0.28 per share. B. Riley also issued estimates for Byrna Technologies' FY2026 earnings at $0.47 EPS.

Other research analysts also recently issued research reports about the stock. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. Craig Hallum began coverage on shares of Byrna Technologies in a research report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 target price for the company. Finally, Roth Capital raised their target price on shares of Byrna Technologies from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $38.75.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $20.28 on Thursday. Byrna Technologies has a 52 week low of $10.66 and a 52 week high of $34.78. The company has a market capitalization of $460.36 million, a PE ratio of 32.71 and a beta of 2.07. The company has a 50 day moving average price of $24.58 and a two-hundred day moving average price of $23.93.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its earnings results on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.07. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. The company had revenue of $28,505 billion for the quarter, compared to analyst estimates of $28.47 million.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Byrna Technologies during the 4th quarter valued at approximately $25,000. Nisa Investment Advisors LLC grew its holdings in shares of Byrna Technologies by 580.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company's stock valued at $29,000 after purchasing an additional 801 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Byrna Technologies by 1,772.2% during the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock valued at $31,000 after purchasing an additional 1,719 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Byrna Technologies during the 1st quarter valued at approximately $32,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Byrna Technologies during the 4th quarter valued at approximately $65,000. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.

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