Lantronix (NASDAQ:LTRX) Releases Q4 2024 Earnings Guidance

Lantronix (NASDAQ:LTRX) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.120-0.180 for the period, compared to the consensus estimate of 0.160. The company issued revenue guidance of $46.5 million-$51.5 million, compared to the consensus revenue estimate of $50.0 million.

Lantronix Stock Performance

Shares of Lantronix stock traded up $0.19 on Monday, reaching $3.46. 363,471 shares of the company were exchanged, compared to its average volume of 302,276. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The company’s 50-day moving average is $3.59 and its two-hundred day moving average is $4.77. The firm has a market cap of $129.68 million, a price-to-earnings ratio of -14.00 and a beta of 2.12. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. Lantronix had a negative return on equity of 11.89% and a negative net margin of 6.67%. As a group, research analysts expect that Lantronix will post -0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LTRX shares. StockNews.com upgraded Lantronix from a buy rating to a strong-buy rating in a research report on Tuesday, February 13th. Roth Mkm lowered their target price on Lantronix from $12.00 to $9.00 and set a buy rating on the stock in a research report on Friday, February 9th. Finally, Needham & Company LLC lowered their target price on Lantronix from $8.50 to $7.00 and set a buy rating on the stock in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $9.20.

Insider Activity at Lantronix

In other news, Director Philip G. Brace purchased 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $3.95 per share, for a total transaction of $59,250.00. Following the transaction, the director now owns 27,000 shares in the company, valued at $106,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Philip G. Brace purchased 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $3.95 per share, for a total transaction of $59,250.00. Following the transaction, the director now owns 27,000 shares in the company, valued at $106,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Saleel Awsare purchased 20,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $78,200. The disclosure for this purchase can be found here. 17.30% of the stock is owned by insiders.

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.