Lantronix (LTRX) Set to Announce Quarterly Earnings on Thursday

Lantronix (NASDAQ:LTRX) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Lantronix has set its Q1 2025 guidance at 0.070-0.110 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. The company had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $49.10 million.

Lantronix Stock Performance

Shares of LTRX traded up $0.05 during mid-day trading on Tuesday, reaching $3.82. The company’s stock had a trading volume of 151,190 shares, compared to its average volume of 271,243. The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. Lantronix has a 12-month low of $3.08 and a 12-month high of $6.95. The company’s 50 day moving average is $3.93 and its 200 day moving average is $3.77.

Analyst Upgrades and Downgrades

LTRX has been the topic of a number of research analyst reports. Canaccord Genuity Group started coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price objective on the stock. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.00 target price on shares of Lantronix in a report on Friday, September 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and a consensus target price of $7.30.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 31,630 shares of the company’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 sale, the insider now owns 5,293,503 shares in the company, valued at $22,867,932.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 85,065 shares of company stock worth $356,232 over the last 90 days. 1.60% of the stock is currently owned by insiders.

About Lantronix

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.