Genasys (NASDAQ:GNSS) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• Genasys reported a quarterly earnings per share (EPS) of ($0.14), falling short of the consensus estimate of ($0.12) by ($0.02).
• The company's stock saw a modest increase of 1.2%, reaching $1.64 per share, with trading volume above average at 171,724 shares.
• Despite the earnings miss, analysts have mixed views with Ascendiant Capital lowering their price target to $5.50 while Wall Street Zen upgraded the stock from "sell" to "hold".

Genasys (NASDAQ:GNSS - Get Free Report) posted its earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02), Zacks reports. Genasys had a negative net margin of 101.82% and a negative return on equity of 166.96%.

Genasys Stock Up 1.2%

NASDAQ GNSS traded up $0.02 during trading on Thursday, reaching $1.64. 171,724 shares of the company's stock traded hands, compared to its average volume of 134,165. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.04 and a quick ratio of 0.65. The firm has a market cap of $74.05 million, a price-to-earnings ratio of -2.56 and a beta of 0.59. The company's 50 day simple moving average is $1.72 and its two-hundred day simple moving average is $2.12. Genasys has a 12-month low of $1.46 and a 12-month high of $4.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company's stock worth $222,000 after purchasing an additional 54,461 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company's stock valued at $198,000 after acquiring an additional 46,452 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Genasys by 170.6% in the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company's stock valued at $89,000 after acquiring an additional 32,481 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GNSS. Ascendiant Capital Markets lowered their price objective on shares of Genasys from $6.00 to $5.50 and set a "buy" rating for the company in a research report on Friday, June 6th. Wall Street Zen upgraded shares of Genasys from a "sell" rating to a "hold" rating in a report on Friday, July 18th.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.

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