LRAD Corporation (NASDAQ:GNSS) – Analysts at Oppenheimer decreased their Q3 2020 earnings per share estimates for LRAD in a research report issued on Tuesday, February 11th. Oppenheimer analyst A. Uerkwitz now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.05. Oppenheimer currently has a “Buy” rating and a $5.00 target price on the stock. Oppenheimer also issued estimates for LRAD’s Q4 2020 earnings at $0.06 EPS and FY2020 earnings at $0.13 EPS.
LRAD (NASDAQ:GNSS) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $8.78 million during the quarter, compared to the consensus estimate of $9.50 million. LRAD had a net margin of 6.63% and a return on equity of 6.81%.
A number of other brokerages also recently weighed in on GNSS. Zacks Investment Research raised shares of LRAD from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Thursday. ValuEngine downgraded shares of LRAD from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, TheStreet raised shares of LRAD from a “c” rating to a “b-” rating in a report on Monday, December 9th.
GNSS stock opened at $3.22 on Thursday. The firm has a market capitalization of $109.01 million, a P/E ratio of 40.26 and a beta of 0.31. The business has a 50-day moving average of $3.46. LRAD has a fifty-two week low of $2.37 and a fifty-two week high of $4.24.
Hedge funds and other institutional investors have recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new stake in LRAD in the 4th quarter valued at about $33,000. Pointe Capital Management LLC acquired a new stake in LRAD in the 4th quarter valued at about $33,000. Bank of America Corp DE acquired a new stake in LRAD in the 4th quarter valued at about $43,000. WealthTrust Axiom LLC acquired a new stake in LRAD in the 4th quarter valued at about $50,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in LRAD in the 4th quarter valued at about $55,000. 50.27% of the stock is owned by institutional investors.
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