Lantronix (LTRX) Scheduled to Post Earnings on Thursday

Lantronix (NASDAQ:LTRX) will be releasing its earnings data 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.Investors interested in participating in the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data 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 analyst estimates of $49.10 million. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%.

Lantronix Stock Performance

Shares of LTRX opened at $3.76 on Wednesday. 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 firm has a market cap of $143.26 million, a PE ratio of -31.33 and a beta of 2.14. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The stock’s fifty day moving average price is $3.94 and its two-hundred day moving average price is $3.78.

Insiders Place Their Bets

In related news, major shareholder Bernhard Bruscha sold 31,630 shares of the firm’s stock in a transaction dated 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 directly owns 5,293,503 shares of the company’s stock, valued at $22,867,932.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of Lantronix in a research note on Wednesday, September 11th. They issued a “buy” rating and a $7.50 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Lantronix in a research report on Friday, September 6th. Finally, StockNews.com upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 12th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $7.30.

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.