Brokerages Expect Lantronix Inc (NASDAQ:LTRX) to Announce ($0.01) EPS

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Lantronix Inc (NASDAQ:LTRX) has been given a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a one year consensus price target of $4.25 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lantronix an industry rank of 52 out of 255 based on the ratings given to related companies.

A number of research analysts have recently commented on LTRX shares. Needham & Company LLC cut their target price on Lantronix from $4.50 to $4.25 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. ValuEngine cut Lantronix from a “buy” rating to a “hold” rating in a research note on Monday, October 7th.

Shares of LTRX stock opened at $3.64 on Monday. Lantronix has a 1 year low of $2.34 and a 1 year high of $4.50. The stock’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $3.43. The company has a market cap of $82.01 million, a PE ratio of 39.56 and a beta of 0.77.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Lantronix had a negative net margin of 0.87% and a positive return on equity of 5.32%. The company had revenue of $10.15 million for the quarter. Equities research analysts expect that Lantronix will post 0.21 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTRX. BlackRock Inc. grew its stake in Lantronix by 6.3% in the second quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock worth $465,000 after purchasing an additional 8,238 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Lantronix during the 2nd quarter valued at $33,000. Acadian Asset Management LLC boosted its position in Lantronix by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock valued at $727,000 after acquiring an additional 44,894 shares in the last quarter. LPL Financial LLC bought a new stake in Lantronix during the 2nd quarter valued at $266,000. Finally, River & Mercantile Asset Management LLP bought a new stake in Lantronix during the 2nd quarter valued at $1,599,000. 19.37% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

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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