Litchfield Hills Research Equities Analysts Decrease Earnings Estimates for Usio, Inc. (NASDAQ:USIO)

Usio, Inc. (NASDAQ:USIO) – Analysts at Litchfield Hills Research reduced their Q3 2024 earnings per share (EPS) estimates for Usio in a research report issued to clients and investors on Thursday, August 15th. Litchfield Hills Research analyst B. Sine now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.05. Litchfield Hills Research has a “Buy” rating and a $6.00 price objective on the stock. The consensus estimate for Usio’s current full-year earnings is $0.10 per share. Litchfield Hills Research also issued estimates for Usio’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.07 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.16 EPS.

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Usio in a report on Friday.

Usio Stock Performance

Shares of NASDAQ USIO opened at $1.46 on Monday. The company has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.58. The stock has a market cap of $38.59 million, a price-to-earnings ratio of -36.50 and a beta of 1.73. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.04. Usio has a 12 month low of $1.30 and a 12 month high of $2.28.

Institutional Investors Weigh In On Usio

A number of large investors have recently modified their holdings of USIO. Perritt Capital Management Inc. lifted its position in Usio by 3.7% during the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after buying an additional 10,000 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of Usio in the 1st quarter valued at $34,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Usio by 35.7% during the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after purchasing an additional 100,000 shares during the period. 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.