Lantronix (NASDAQ:LTRX) Releases FY 2020 After-Hours Earnings Guidance
Lantronix (NASDAQ:LTRX) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.16-0.18 for the period. The company issued revenue guidance of $60.957-63.302 million, compared to the consensus revenue estimate of $53.95 million.Lantronix also updated its Q3 2020
After-Hours guidance to 0.02-0.06 EPS.
LTRX stock traded down $0.19 during midday trading on Friday, reaching $3.36. The stock had a trading volume of 145,797 shares, compared to its average volume of 103,816. Lantronix has a 52-week low of $2.34 and a 52-week high of $4.42. The company’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $3.51. The company has a market cap of $77.49 million, a price-to-earnings ratio of -28.00 and a beta of 0.78.
Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Lantronix had a positive return on equity of 2.58% and a negative net margin of 5.90%. The company had revenue of $13.23 million for the quarter. On average, analysts predict that Lantronix will post 0.22 EPS for the current fiscal year.
In other news, Director Paul F. Folino sold 19,926 shares of Lantronix stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $3.29, for a total transaction of $65,556.54. In the last quarter, insiders have sold 24,926 shares of company stock worth $82,208. Insiders own 40.00% of the company’s stock.
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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