Lantronix (NASDAQ:LTRX) Updates Q4 2024 Earnings Guidance

Lantronix (NASDAQ:LTRX) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.120-0.180 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

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

Lantronix Trading Up 5.8 %

NASDAQ LTRX traded up $0.19 during mid-day trading on Monday, hitting $3.46. The company’s stock had a trading volume of 363,471 shares, compared to its average volume of 302,276. The firm has a market capitalization of $129.68 million, a P/E ratio of -13.84 and a beta of 2.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.19. Lantronix has a 52-week low of $3.08 and a 52-week high of $6.95. The stock’s fifty day simple moving average is $3.59 and its two-hundred day simple moving average is $4.77.

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

Insiders Place Their Bets

In other news, CEO Saleel Awsare acquired 20,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $3.91 per share, with a total value of $78,200.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $78,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Saleel Awsare acquired 20,000 shares of the business’s stock in a transaction on 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 acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $78,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip G. Brace bought 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the purchase, the director now directly owns 27,000 shares of the company’s stock, valued at $106,650. The disclosure for this purchase can be found here. 17.30% of the stock is currently 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.