Ispire Technology (ISPR) Projected to Post Earnings on Tuesday

Ispire Technology (NASDAQ:ISPR) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Ispire Technology to post earnings of ($0.07) per share and revenue of $43.55 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ispire Technology (NASDAQ:ISPR) last announced its earnings results on Friday, February 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 58.50%. On average, analysts expect Ispire Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ispire Technology Stock Up 0.2 %

NASDAQ ISPR opened at $4.36 on Friday. The stock has a market capitalization of $246.99 million, a P/E ratio of -12.82 and a beta of 2.90. The firm has a 50-day moving average price of $5.00 and a 200 day moving average price of $6.08. Ispire Technology has a 52-week low of $4.15 and a 52-week high of $12.14.

Ispire Technology declared that its Board of Directors has approved a share repurchase program on Wednesday, January 22nd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a report on Friday, November 8th.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.