Lantronix (LTRX) Scheduled to Post Earnings on Thursday

Lantronix (NASDAQ:LTRX) is set to 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $49.10 million.

Lantronix Price Performance

Lantronix stock traded up $0.05 during trading on Tuesday, reaching $3.82. The company had a trading volume of 151,190 shares, compared to its average volume of 271,243. Lantronix has a 12-month low of $3.08 and a 12-month high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $3.77.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $4.00, for a total transaction of $33,740.00. Following the sale, the insider now directly owns 5,373,036 shares in the company, valued at approximately $21,492,144. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 85,065 shares of company stock valued at $356,232 over the last quarter. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

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

Lantronix Company Profile

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.