HC Wainwright Forecasts Usio’s FY2024 Earnings (NASDAQ:USIO)

Usio, Inc. (NASDAQ:USIO) – Equities researchers at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for Usio in a note issued to investors on Wednesday, January 29th. HC Wainwright analyst S. Buck now forecasts that the company will earn ($0.04) per share for the year, down from their prior estimate of ($0.03). HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Usio’s current full-year earnings is ($0.02) per share. HC Wainwright also issued estimates for Usio’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.04 EPS.

Usio Stock Performance

NASDAQ USIO opened at $1.79 on Friday. Usio has a 1-year low of $1.24 and a 1-year high of $2.92. The stock has a 50-day moving average of $1.75 and a two-hundred day moving average of $1.56. The company has a market cap of $48.56 million, a P/E ratio of 19.89 and a beta of 1.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Usio by 5.6% during the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of Usio during the 3rd quarter worth about $3,821,000. Finally, Creative Planning acquired a new position in shares of Usio during the third quarter worth about $58,000. Hedge funds and other institutional investors own 20.23% of the company’s stock.

About Usio

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.