Lantronix (LTRX) Projected to Post Earnings on Thursday

Lantronix (NASDAQ:LTRX) is expected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $34.42 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, November 7th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. The firm had revenue of $34.42 million for the quarter, compared to analysts’ expectations of $37.10 million. During the same period last year, the firm earned ($0.05) earnings per share.

Lantronix Stock Performance

Lantronix stock opened at $4.19 on Thursday. The stock has a market cap of $161.21 million, a price-to-earnings ratio of -29.93 and a beta of 1.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The firm has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $3.70. Lantronix has a 1-year low of $2.48 and a 1-year high of $6.28.

Wall Street Analyst Weigh In

Several research firms have issued reports on LTRX. Needham & Company LLC reissued a “buy” rating and set a $5.50 target price on shares of Lantronix in a research note on Tuesday, January 21st. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $6.50.

Insider Buying and Selling

In other Lantronix news, Director Hoshi Printer bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $2.90 per share, with a total value of $43,500.00. Following the purchase, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Saleel Awsare purchased 80,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at $620,269.44. This trade represents a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.

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.