Roth Capital Predicts Higher Earnings for Byrna Technologies

Key Points

• Roth Capital has raised its Q2 2026 earnings per share estimate for Byrna Technologies from $0.11 to $0.12, maintaining a "Buy" rating with a target price of $37.00.
• Byrna Technologies reported earnings of $0.10 per share for the previous quarter, exceeding analysts' expectations of $0.05, along with a revenue of $28.51 million.
• The stock has a current consensus rating of "Buy" and a target price of $38.75, with multiple analysts expressing bullish sentiments towards Byrna Technologies in recent reports.

Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) - Equities research analysts at Roth Capital raised their Q2 2026 earnings per share estimates for Byrna Technologies in a report issued on Thursday, September 11th. Roth Capital analyst M. Koranda now expects that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.11. Roth Capital currently has a "Buy" rating and a $37.00 target price on the stock. The consensus estimate for Byrna Technologies' current full-year earnings is $0.28 per share. Roth Capital also issued estimates for Byrna Technologies' FY2026 earnings at $0.51 EPS.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $28.51 million for the quarter, compared to analysts' expectations of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%.

Other equities research analysts have also issued reports about the company. Craig Hallum started coverage on Byrna Technologies in a research report on Wednesday, July 16th. They set a "buy" rating and a $39.00 target price for the company. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Finally, B. Riley reaffirmed a "buy" rating and issued a $46.00 price objective (up from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $19.97 on Monday. The firm's 50 day simple moving average is $21.84 and its 200-day simple moving average is $22.97. Byrna Technologies has a one year low of $13.10 and a one year high of $34.78. The firm has a market cap of $453.32 million, a PE ratio of 32.21 and a beta of 2.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. purchased a new stake in Byrna Technologies in the second quarter valued at about $13,079,000. Nuveen Asset Management LLC grew its position in Byrna Technologies by 1,039.5% during the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock worth $7,670,000 after purchasing an additional 242,875 shares during the last quarter. Millennium Management LLC increased its stake in Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company's stock valued at $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Nuveen LLC purchased a new position in shares of Byrna Technologies in the first quarter worth $3,890,000. Finally, Driehaus Capital Management LLC lifted its stake in shares of Byrna Technologies by 39.3% during the first quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company's stock worth $7,575,000 after buying an additional 126,894 shares during the period. 25.46% of the stock is currently owned by hedge funds and other 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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