Brokerages Expect Lantronix Inc (LTRX) to Post ($0.05) Earnings Per Share

Posted by Casey Walker on Apr 22nd, 2017

Lantronix Inc (NASDAQ:LTRX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $3.75 for the company and are predicting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also assigned Lantronix an industry rank of 67 out of 265 based on the ratings given to related companies.

A number of research firms have recently weighed in on LTRX. TheStreet upgraded shares of Lantronix from a “d+” rating to a “c” rating in a report on Monday, January 30th. Lake Street Capital reiterated a “buy” rating and set a $2.50 price target on shares of Lantronix in a report on Friday, January 13th. Finally, Zacks Investment Research downgraded shares of Lantronix from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 29th.

TRADEMARK VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/04/22/brokerages-expect-lantronix-inc-ltrx-to-post-0-05-earnings-per-share.html.

Shares of Lantronix (NASDAQ:LTRX) traded down 5.36% on Tuesday, reaching $3.18. The company’s stock had a trading volume of 160,094 shares. The stock has a 50-day moving average of $3.15 and a 200 day moving average of $2.10. The stock’s market capitalization is $55.55 million. Lantronix has a 1-year low of $0.96 and a 1-year high of $4.09.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, January 26th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $11.20 million for the quarter, compared to the consensus estimate of $9.70 million. Lantronix had a negative net margin of 1.80% and a negative return on equity of 1.47%. On average, equities analysts forecast that Lantronix will post ($0.04) EPS for the current year.

An institutional investor recently raised its position in Lantronix stock. Renaissance Technologies LLC boosted its stake in Lantronix Inc (NASDAQ:LTRX) by 41.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 248,550 shares of the technology company’s stock after buying an additional 72,384 shares during the period. Renaissance Technologies LLC owned 1.42% of Lantronix worth $423,000 at the end of the most recent quarter. 11.53% of the stock is currently owned by institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.