Byrna Technologies (NASDAQ:BYRN) Posts Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Byrna Technologies beat EPS expectations: The company reported a quarterly loss of $0.13 per share, $0.03 better than analysts’ estimate, but revenue of $15.30 million fell short of the $16.27 million consensus.
• Shares remain under pressure: BYRN opened at $4.05, well below its 12-month high of $30.62, while the company reported a negative net margin of 3.39% and negative return on equity.
• Analyst sentiment is mixed, while insiders bought shares: Byrna has a consensus “Moderate Buy” rating with a $7.88 price target, and insiders purchased 71,258 shares worth approximately $261,855 during the quarter.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03, FiscalAI reports. Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The business had revenue of $15.30 million for the quarter, compared to analysts' expectations of $16.27 million.

Byrna Technologies Price Performance

Shares of BYRN stock opened at $4.05 on Thursday. Byrna Technologies has a 12-month low of $3.16 and a 12-month high of $30.62. The firm has a market capitalization of $94.81 million, a price-to-earnings ratio of -22.50 and a beta of 1.70. The business has a 50 day simple moving average of $3.84 and a 200 day simple moving average of $5.28.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. B. Riley Financial cut their target price on Byrna Technologies from $21.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Wall Street Zen downgraded Byrna Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Zacks Research upgraded shares of Byrna Technologies from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. Finally, Roth Capital downgraded Byrna Technologies from a "buy" rating to a "neutral" rating and set a $4.50 price target for the company. in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Byrna Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $7.88.

Insiders Place Their Bets

In other Byrna Technologies news, CEO Conn Davis purchased 18,768 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $3.46 per share, with a total value of $64,937.28. Following the completion of the purchase, the chief executive officer owned 18,768 shares in the company, valued at $64,937.28. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman TJ Kennedy bought 29,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of $3.53 per share, for a total transaction of $102,370.00. Following the purchase, the chairman owned 29,000 shares in the company, valued at $102,370. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 71,258 shares of company stock worth $261,855. Insiders own 1.60% of the company's stock.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company's product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna's products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.

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