HC Wainwright Predicts Usio’s FY2024 Earnings (NASDAQ:USIO)

Usio, Inc. (NASDAQ:USIO) – Analysts at HC Wainwright cut their FY2024 earnings estimates for shares of Usio in a note issued to investors on Wednesday, January 29th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.04) per share for the year, down from their previous forecast of ($0.03). HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Usio’s current full-year earnings is ($0.02) per share. HC Wainwright also issued estimates for Usio’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.04 EPS.

Usio Trading Up 5.0 %

NASDAQ USIO opened at $1.88 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio has a 12 month low of $1.24 and a 12 month high of $2.92. The company has a market capitalization of $51.00 million, a PE ratio of 20.89 and a beta of 1.75. The stock has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.56.

Institutional Investors Weigh In On Usio

Several institutional investors have recently added to or reduced their stakes in USIO. Creative Planning acquired a new position in Usio during the third quarter valued at approximately $58,000. Geode Capital Management LLC grew its stake in shares of Usio by 5.6% in the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after buying an additional 9,731 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in Usio during the third quarter worth $3,821,000. 20.23% of the stock is owned by institutional investors.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.