Analysts Offer Predictions for Usio, Inc.’s FY2024 Earnings (NASDAQ:USIO)

Usio, Inc. (NASDAQ:USIO) – Analysts at HC Wainwright reduced their FY2024 EPS estimates for Usio in a research note issued to investors on Friday, August 16th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of $0.03 per share for the year, down from their prior forecast of $0.07. HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for Usio’s current full-year earnings is $0.10 per share.

Separately, Litchfield Hills Research initiated coverage on shares of Usio in a research note on Wednesday, June 5th. They set a “buy” rating and a $6.00 price objective for the company.

Usio Stock Down 1.4 %

USIO stock opened at $1.46 on Monday. The stock has a market capitalization of $38.59 million, a P/E ratio of -36.50 and a beta of 1.73. The firm has a 50-day simple moving average of $1.54 and a 200-day simple moving average of $1.58. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. Usio has a 52 week low of $1.30 and a 52 week high of $2.28.

Institutional Trading of Usio

Large investors have recently bought and sold shares of the business. Perritt Capital Management Inc. grew its stake in Usio by 3.7% during the 4th quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock valued at $482,000 after acquiring an additional 10,000 shares in the last quarter. Perritt Capital Management Inc grew its stake in Usio by 35.7% during the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock valued at $581,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Usio during the 1st quarter valued at about $34,000. 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.