Lantronix (LTRX) Set to Announce Quarterly Earnings on Thursday

Lantronix (NASDAQ:LTRX) is set to release its earnings data 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 are interested in participating in the company’s 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 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate 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

Lantronix stock traded up $0.05 during trading hours on Tuesday, hitting $3.82. 151,190 shares of the company traded hands, compared to its average volume of 271,243. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95. The firm’s 50-day simple moving average is $3.93 and its two-hundred day simple moving average is $3.77. The company has a quick ratio of 2.03, a current ratio of 2.95 and a debt-to-equity ratio of 0.16.

Insider Activity

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

Analyst Upgrades and Downgrades

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