Lantronix (LTRX) Expected to Announce Quarterly Earnings on Thursday

Lantronix (NASDAQ:LTRX) is projected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Lantronix to post earnings of $0.07 per share and revenue of $34.42 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.16). The company had revenue of $34.42 million during the quarter, compared to analysts’ expectations of $37.10 million. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. During the same quarter in the prior year, the company posted ($0.05) EPS.

Lantronix Price Performance

NASDAQ:LTRX opened at $4.19 on Thursday. The company has a 50 day moving average price of $3.71 and a 200-day moving average price of $3.70. Lantronix has a 1-year low of $2.48 and a 1-year high of $6.28. The firm has a market cap of $161.21 million, a price-to-earnings ratio of -29.93 and a beta of 1.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78.

Insiders Place Their Bets

In other Lantronix news, Director Hoshi Printer acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $2.90 per share, with a total value of $43,500.00. Following the purchase, the director now owns 176,075 shares in the company, valued at approximately $510,617.50. The trade was a 9.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saleel Awsare bought 80,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the purchase, the chief executive officer now directly owns 233,184 shares in the company, valued at approximately $620,269.44. This represents a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.50 price target on shares of Lantronix in a report on Tuesday, January 21st. Finally, StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $6.50.

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.