Lantronix (NASDAQ:LTRX) Issues Q4 2024 Earnings Guidance

Lantronix (NASDAQ:LTRX) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.120-0.180 for the period, compared to the consensus 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.

Analysts Set New Price Targets

LTRX has been the subject of a number of research reports. Roth Mkm reiterated a buy rating and set a $9.00 target price on shares of Lantronix in a research note on Tuesday. Needham & Company LLC reiterated a buy rating and set a $7.00 target price on shares of Lantronix in a report on Tuesday. Lake Street Capital reduced their price objective on Lantronix from $8.00 to $7.00 and set a buy rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded shares of Lantronix from a buy rating to a strong-buy rating in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lantronix currently has a consensus rating of Buy and an average price target of $9.00.

Lantronix Price Performance

LTRX stock traded up $0.37 on Tuesday, reaching $3.83. The company had a trading volume of 507,125 shares, compared to its average volume of 304,552. The company’s fifty day moving average is $3.57 and its 200 day moving average is $4.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The company has a market cap of $143.55 million, a P/E ratio of -15.28 and a beta of 2.12. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 11.89% and a negative net margin of 6.67%. The company had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. On average, research analysts forecast that Lantronix will post -0.04 earnings per share for the current year.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 9,409 shares of Lantronix stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total transaction of $56,736.27. Following the completion of the sale, the insider now owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Saleel Awsare bought 20,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $3.91 per share, for a total transaction of $78,200.00. Following the purchase, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $78,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bernhard Bruscha sold 9,409 shares of Lantronix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the completion of the transaction, the insider now directly owns 5,406,471 shares in the company, valued at $32,601,020.13. The disclosure for this sale can be found here. 17.30% of the stock is owned by insiders.

About Lantronix

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.