Lantronix (LTRX) to Release Quarterly Earnings on Thursday

Lantronix (NASDAQ:LTRX) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Lantronix has set its Q1 2025 guidance at 0.070-0.110 EPS.

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

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $3.91 on Friday. The business has a fifty day simple moving average of $3.91 and a 200-day simple moving average of $3.75. Lantronix has a 52 week low of $3.08 and a 52 week high of $6.95. The company has a market cap of $148.97 million, a P/E ratio of -32.58 and a beta of 2.13. The company has a quick ratio of 2.03, a current ratio of 2.95 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Bernhard Bruscha sold 31,630 shares of Lantronix stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $4.32, for a total transaction of $136,641.60. Following the sale, the insider now owns 5,293,503 shares of the company’s stock, valued at $22,867,932.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 85,065 shares of company stock valued at $356,232 in the last quarter. Company insiders own 1.60% of the company’s stock.

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.