Lantronix (LTRX) to Release Earnings on Thursday

Lantronix (NASDAQ:LTRX - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Lantronix to post earnings of $0.09 per share for the quarter. Lantronix has set its Q1 2025 guidance at 0.070-0.110 EPS.

Lantronix (NASDAQ:LTRX - Get Free Report) last announced its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%.

Lantronix Stock Up 1.3 %

LTRX traded up $0.05 during trading hours on Friday, reaching $3.96. 104,334 shares of the stock traded hands, compared to its average volume of 272,247. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The company has a market cap of $150.88 million, a price-to-earnings ratio of -33.00 and a beta of 2.13. The firm's fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $3.75.

Analyst Ratings Changes

LTRX has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $7.00 target price on shares of Lantronix in a research report on Friday, September 6th. Canaccord Genuity Group initiated coverage on Lantronix in a research note on Wednesday, September 11th. They set a "buy" rating and a $7.50 target price for the company. Finally, StockNews.com upgraded shares of Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 12th. Five 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 stock has an average rating of "Buy" and a consensus price target of $7.30.

Insiders Place Their Bets

In other news, major shareholder Bernhard Bruscha sold 31,630 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $4.32, for a total value of $136,641.60. Following the completion of the sale, the insider now directly owns 5,293,503 shares in the company, valued at approximately $22,867,932.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 85,065 shares of company stock valued at $356,232 in the last quarter. Insiders own 1.60% of the company's stock.

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.