Lantronix (LTRX) Scheduled to Post Earnings on Thursday

Lantronix (NASDAQ:LTRX) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Lantronix has set its Q1 2025 guidance at 0.070-0.110 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The firm had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded up $0.05 on Tuesday, reaching $3.82. The company had a trading volume of 151,190 shares, compared to its average volume of 271,243. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The stock has a 50-day moving average price of $3.93 and a 200 day moving average price of $3.77. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95.

Wall Street Analyst Weigh In

Several equities analysts have commented on LTRX shares. StockNews.com upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Canaccord Genuity Group assumed coverage on Lantronix in a research report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a research report on Friday, September 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and a consensus price target of $7.30.

Insider Buying and Selling at Lantronix

In other news, major shareholder Bernhard Bruscha sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total transaction of $81,600.00. Following the sale, the insider now directly owns 5,198,971 shares in the company, valued at approximately $21,211,801.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 85,065 shares of company stock valued at $356,232 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

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.