FY2024 EPS Estimates for Ondas Holdings Inc. (NASDAQ:ONDS) Lowered by Northland Capmk

Ondas Holdings Inc. (NASDAQ:ONDS) – Equities researchers at Northland Capmk decreased their FY2024 earnings per share (EPS) estimates for shares of Ondas in a report released on Monday, September 16th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings per share of ($0.52) for the year, down from their previous estimate of ($0.51). The consensus estimate for Ondas’ current full-year earnings is ($0.50) per share. Northland Capmk also issued estimates for Ondas’ Q4 2024 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.25) EPS.

Ondas (NASDAQ:ONDS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. Ondas had a negative net margin of 450.02% and a negative return on equity of 132.10%. The firm had revenue of $0.96 million during the quarter, compared to analyst estimates of $0.85 million. During the same quarter last year, the business earned ($0.18) earnings per share.

Separately, Northland Securities cut their price target on Ondas from $2.00 to $1.50 and set an “outperform” rating for the company in a report on Friday, August 16th.

Ondas Price Performance

ONDS opened at $0.77 on Thursday. Ondas has a 12 month low of $0.31 and a 12 month high of $1.99. The company has a market cap of $51.14 million, a PE ratio of -1.02 and a beta of 2.49. The company has a current ratio of 0.40, a quick ratio of 0.27 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $0.86 and a 200 day moving average of $0.85.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of ONDS. Koshinski Asset Management Inc. bought a new position in shares of Ondas in the first quarter valued at approximately $28,000. Truist Financial Corp purchased a new stake in Ondas in the 4th quarter worth approximately $43,000. Wealth Effects LLC boosted its holdings in Ondas by 9.8% in the 2nd quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock valued at $91,000 after purchasing an additional 14,000 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $174,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Ondas in the fourth quarter worth $177,000. 37.73% of the stock is currently owned by institutional investors.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.