Brokers Set Expectations for Lantronix, Inc.’s Q4 2024 Earnings (NASDAQ:LTRX)

Lantronix, Inc. (NASDAQ:LTRX) – Investment analysts at Roth Capital cut their Q4 2024 earnings estimates for shares of Lantronix in a research report issued on Monday, April 29th. Roth Capital analyst S. Searle now forecasts that the technology company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.09. The consensus estimate for Lantronix’s current full-year earnings is ($0.04) per share.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $37.04 million during the quarter, compared to analyst estimates of $37.20 million. Lantronix had a negative return on equity of 8.50% and a negative net margin of 4.48%.

Several other analysts have also weighed in on the stock. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Roth Mkm reiterated a “buy” rating and set a $9.00 target price on shares of Lantronix in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $7.00 target price on shares of Lantronix in a research report on Tuesday. Craig Hallum reduced their price target on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Lake Street Capital reduced their price target on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $8.50.

Lantronix Price Performance

Shares of Lantronix stock opened at $3.64 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The firm’s 50-day simple moving average is $3.54 and its 200-day simple moving average is $4.74. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95. The firm has a market cap of $136.42 million, a P/E ratio of -20.22 and a beta of 2.05.

Institutional Investors Weigh In On Lantronix

Large investors have recently bought and sold shares of the company. AMH Equity Ltd boosted its holdings in shares of Lantronix by 16.0% in the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock valued at $7,742,000 after buying an additional 182,552 shares during the period. Wasatch Advisors LP boosted its holdings in Lantronix by 11.4% during the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after purchasing an additional 165,711 shares during the last quarter. Barclays PLC acquired a new position in Lantronix during the third quarter worth $176,000. Hillsdale Investment Management Inc. acquired a new position in Lantronix during the fourth quarter worth $148,000. Finally, Quadrature Capital Ltd acquired a new position in Lantronix during the third quarter worth $109,000. Institutional investors own 39.38% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Saleel Awsare bought 20,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $3.91 per share, with a total value of $78,200.00. Following the completion of the purchase, the chief executive officer now owns 20,000 shares in the company, valued at approximately $78,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Saleel Awsare bought 20,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $3.91 per share, with a total value of $78,200.00. Following the completion of the purchase, the chief executive officer now owns 20,000 shares in the company, valued at approximately $78,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip G. Brace purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $3.95 per share, with a total value of $59,250.00. Following the completion of the purchase, the director now owns 27,000 shares of the company’s stock, valued at $106,650. The disclosure for this purchase can be found here. Insiders own 17.30% 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.