Lantronix (LTRX) Set to Announce Earnings on Thursday

Lantronix (NASDAQ:LTRX) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Lantronix to post earnings of $0.09 per share for the quarter. Lantronix has set its Q1 2025 guidance at 0.070-0.110 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The company had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million.

Lantronix Trading Down 0.3 %

Shares of LTRX opened at $3.76 on Wednesday. The stock’s 50-day moving average price is $3.94 and its 200 day moving average price is $3.78. The company has a quick ratio of 2.03, a current ratio of 2.95 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $143.26 million, a price-to-earnings ratio of -31.33 and a beta of 2.14. Lantronix has a 12-month low of $3.08 and a 12-month high of $6.95.

Insider Buying and Selling at Lantronix

In related news, major shareholder Bernhard Bruscha sold 8,435 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the sale, the insider now directly owns 5,373,036 shares in the company, valued at $21,492,144. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 85,065 shares of company stock worth $356,232. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LTRX shares. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 target price on shares of Lantronix in a report on Friday, September 6th. Finally, Canaccord Genuity Group assumed coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price target for the company. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and an average price target of $7.30.

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.