Lantronix (NASDAQ:LTRX) Issues Q1 2020 Earnings Guidance

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Lantronix (NASDAQ:LTRX) updated its first quarter 2020 earnings guidance on Tuesday. The company provided EPS guidance of $-0.03-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $12-13 million, compared to the consensus revenue estimate of $13.05 million.Lantronix also updated its FY 2020 guidance to $0.21 EPS.

Several brokerages have recently commented on LTRX. Needham & Company LLC lowered their price objective on Lantronix from $4.50 to $4.25 and set a buy rating on the stock in a research report on Wednesday. ValuEngine upgraded Lantronix from a hold rating to a buy rating in a research report on Tuesday, August 20th.

NASDAQ:LTRX opened at $3.40 on Friday. The company has a market capitalization of $85.13 million, a P/E ratio of 48.57 and a beta of 0.79. Lantronix has a 12 month low of $2.34 and a 12 month high of $5.12. The business’s 50-day moving average is $3.47 and its 200 day moving average is $3.32.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Tuesday, September 10th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $10.15 million during the quarter. Lantronix had a positive return on equity of 5.36% and a negative net margin of 0.87%. Equities research analysts predict that Lantronix will post 0.21 earnings per share for the current year.

Lantronix Company Profile

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

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