AudioEye (NASDAQ:AEYE) Issues FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.510-0.530 for the period, compared to the consensus EPS estimate of -0.130. The company issued revenue guidance of $35.2 million-$35.3 million, compared to the consensus revenue estimate of $34.7 million. AudioEye also updated its Q3 2024 guidance to 0.150-0.160 EPS.

AudioEye Trading Up 1.3 %

Shares of AudioEye stock opened at $23.66 on Monday. The firm has a market capitalization of $275.38 million, a PE ratio of -60.67, a P/E/G ratio of 6.50 and a beta of 1.00. AudioEye has a twelve month low of $3.75 and a twelve month high of $29.30. The firm’s 50-day moving average price is $22.43 and its 200 day moving average price is $19.05. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. On average, sell-side analysts predict that AudioEye will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on AEYE shares. HC Wainwright reiterated a buy rating and issued a $23.00 price objective on shares of AudioEye in a report on Friday, July 26th. Roth Mkm started coverage on shares of AudioEye in a report on Friday, June 21st. They issued a buy rating and a $25.00 price objective for the company. Roth Capital upgraded shares of AudioEye to a strong-buy rating in a report on Friday, June 21st. Finally, Craig Hallum increased their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a buy rating in a report on Friday, July 26th. Four 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.com, the stock currently has a consensus rating of Buy and an average price target of $24.13.

About AudioEye

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.