Research Analysts Offer Predictions for Usio FY2024 Earnings

Usio, Inc. (NASDAQ:USIO) – Analysts at HC Wainwright lowered their FY2024 earnings estimates for Usio in a research report issued to clients and investors on Wednesday, January 29th. HC Wainwright analyst S. Buck now expects that the company will earn ($0.04) per share for the year, down from their previous forecast of ($0.03). HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Usio’s current full-year earnings is ($0.02) per share. HC Wainwright also issued estimates for Usio’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.04 EPS.

Usio Stock Performance

USIO opened at $1.88 on Friday. The stock has a 50-day moving average of $1.77 and a 200-day moving average of $1.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10. Usio has a 52-week low of $1.24 and a 52-week high of $2.92. The company has a market cap of $51.00 million, a PE ratio of 20.89 and a beta of 1.75.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning acquired a new stake in shares of Usio in the third quarter worth $58,000. Geode Capital Management LLC raised its holdings in Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after acquiring an additional 9,731 shares during the period. Finally, Whittier Trust Co. acquired a new position in Usio during the 3rd quarter worth $3,821,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

Usio Company Profile

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.