Lantronix (LTRX) Scheduled to Post Quarterly Earnings on Monday

Lantronix (NASDAQ:LTRX - Get Free Report) is set to issue its quarterly earnings data 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.Parties interested in participating in the company's conference call can do so using this link.

Lantronix (NASDAQ:LTRX - Get Free Report) last released its earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. The business had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. On average, analysts expect Lantronix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lantronix Price Performance

LTRX stock traded up $0.07 on Friday, hitting $3.27. 136,351 shares of the company's stock traded hands, compared to its average volume of 300,075. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95. The stock has a market cap of $122.56 million, a price-to-earnings ratio of -13.04 and a beta of 2.12. The stock has a fifty day moving average of $3.61 and a 200-day moving average of $4.77. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19.

Insider Activity

In other news, CEO Saleel Awsare purchased 20,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company's stock, valued at $78,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Philip G. Brace acquired 15,000 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $3.95 per share, for a total transaction of $59,250.00. Following the purchase, the director now owns 27,000 shares in the company, valued at $106,650. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Saleel Awsare purchased 20,000 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the purchase, the chief executive officer now owns 20,000 shares in the company, valued at $78,200. The disclosure for this purchase can be found here. 17.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of Lantronix from $8.50 to $7.00 and set a "buy" rating for the company in a research note on Tuesday, March 12th. Roth Mkm cut their target price on shares of Lantronix from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, February 9th. Finally, StockNews.com raised shares of Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 13th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $9.20.

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.