Bk Technologies (NYSEAMERICAN:BKTI) Issues FY 2025 Earnings Guidance

Key Points

• Bk Technologies has issued FY 2025 earnings guidance with an expected earnings per share of 3.800, surpassing the consensus estimate of 3.38.
• The company saw its stock rise by 4.1% following the earnings guidance announcement, with shares opening at $43.44.
• Institutional investors have significantly increased their holdings in Bk Technologies, with notable purchases leading to a 55.05% ownership stake from these groups.

Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.800-3.800 for the period, compared to the consensus earnings per share estimate of 3.38. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital upped their target price on Bk Technologies from $55.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $74.00.

Bk Technologies Stock Performance

Shares of BKTI stock traded up $2.31 on Tuesday, reaching $66.99. The stock had a trading volume of 38,702 shares, compared to its average volume of 49,555. The firm has a market cap of $249.87 million, a PE ratio of 21.68 and a beta of 0.34. Bk Technologies has a 1 year low of $19.19 and a 1 year high of $67.32. The stock's 50 day simple moving average is $45.05.

Hedge Funds Weigh In On Bk Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in Bk Technologies during the second quarter valued at $25,000. Raymond James Financial Inc. bought a new stake in shares of Bk Technologies in the second quarter worth about $32,000. Bank of America Corp DE increased its holdings in shares of Bk Technologies by 3,882.6% in the fourth quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after purchasing an additional 893 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Bk Technologies in the second quarter worth about $70,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Bk Technologies in the second quarter worth about $85,000. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Bk Technologies Company Profile

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).