Lantronix (NASDAQ:LTRX) Issues Q4 2024 Earnings Guidance

Lantronix (NASDAQ:LTRX) updated its fourth quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 0.120-0.180 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of $46.5 million-$51.5 million, compared to the consensus revenue estimate of $50.0 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LTRX shares. Needham & Company LLC dropped their target price on Lantronix from $8.50 to $7.00 and set a buy rating on the stock in a report on Tuesday, March 12th. StockNews.com raised Lantronix from a buy rating to a strong-buy rating in a report on Tuesday, February 13th. Finally, Roth Mkm dropped their target price on Lantronix from $12.00 to $9.00 and set a buy rating on the stock in a report on Friday, February 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $9.20.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded up $0.19 during trading on Monday, reaching $3.46. The company had a trading volume of 363,471 shares, compared to its average volume of 302,276. The firm has a market capitalization of $129.68 million, a price-to-earnings ratio of -14.00 and a beta of 2.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.19. The stock’s fifty day moving average price is $3.59 and its 200 day moving average price is $4.77. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. The business had revenue of $37.04 million during the quarter, compared to analysts’ expectations of $37.20 million. As a group, equities research analysts predict that Lantronix will post -0.04 EPS for the current year.

Insider Activity at Lantronix

In other Lantronix news, CEO Saleel Awsare purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $78,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Philip G. Brace bought 15,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $3.95 per share, for a total transaction of $59,250.00. Following the completion of the transaction, the director now owns 27,000 shares in the company, valued at $106,650. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saleel Awsare bought 20,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $78,200. The disclosure for this purchase can be found here. Company 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.