Q3 2024 Earnings Forecast for Byrna Technologies Inc. (NASDAQ:BYRN) Issued By Roth Capital

Byrna Technologies Inc. (NASDAQ:BYRN) – Investment analysts at Roth Capital issued their Q3 2024 EPS estimates for shares of Byrna Technologies in a note issued to investors on Wednesday, August 28th. Roth Capital analyst M. Koranda expects that the company will post earnings of ($0.02) per share for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Byrna Technologies’ current full-year earnings is ($0.02) per share. Roth Capital also issued estimates for Byrna Technologies’ Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.11 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.21 EPS and FY2026 earnings at $0.23 EPS.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The firm had revenue of $20.27 million for the quarter, compared to analyst estimates of $20.29 million.

Separately, Roth Mkm started coverage on shares of Byrna Technologies in a research report on Wednesday. They set a “buy” rating and a $14.00 price objective on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Byrna Technologies Price Performance

Shares of BYRN opened at $11.59 on Friday. The business’s 50-day moving average is $10.00 and its 200-day moving average is $11.58. The company has a market capitalization of $263.99 million, a price-to-earnings ratio of -82.79 and a beta of 1.69. Byrna Technologies has a fifty-two week low of $2.19 and a fifty-two week high of $15.34.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of the company. Spartan Fund Management Inc. purchased a new stake in shares of Byrna Technologies during the 4th quarter worth about $32,000. Algert Global LLC acquired a new position in Byrna Technologies in the second quarter worth approximately $131,000. Hamilton Wealth LLC bought a new position in Byrna Technologies during the first quarter valued at approximately $146,000. Dimensional Fund Advisors LP lifted its stake in Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in Byrna Technologies in the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.