Lantronix (LTRX) Scheduled to Post Quarterly Earnings on Thursday
Lantronix (NASDAQ:LTRX) is scheduled to be issuing its quarterly earnings data on Thursday, January 30th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.06. The company had revenue of $10.90 million for the quarter, compared to the consensus estimate of $11.50 million. On average, analysts expect Lantronix to post $0.05 EPS for the current fiscal year and $0.08 EPS for the next fiscal year.
Shares of Lantronix (NASDAQ:LTRX) opened at 2.57 on Wednesday. Lantronix has a 52-week low of $1.31 and a 52-week high of $3.03. The stock has a 50-day moving average of $1.91 and a 200-day moving average of $1.60. The company’s market cap is $37.5 million.
On the ratings front, analysts at Zacks upgraded shares of Lantronix from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $1.80 price target on the stock.
Lantronix, Incdesigns, develops, markets and sells products that make it possible to access, manage, control and configure electronic products over the Internet or other networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.