AudioEye (NASDAQ:AEYE) Releases FY24 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.51-0.53 for the period, compared to the consensus estimate of $0.48. The company issued revenue guidance of $35.15-35.25 million, compared to the consensus revenue estimate of $34.68 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Craig Hallum increased their price target on AudioEye from $20.00 to $30.00 and gave the company a buy rating in a research note on Friday, July 26th. HC Wainwright reaffirmed a buy rating and set a $23.00 price target on shares of AudioEye in a research note on Friday, July 26th. Roth Mkm assumed coverage on AudioEye in a research note on Friday, June 21st. They set a buy rating and a $25.00 price target for the company. Finally, Roth Capital raised AudioEye to a strong-buy rating in a research note on Friday, June 21st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $24.13.

AudioEye Stock Performance

AEYE opened at $23.66 on Monday. The firm has a market cap of $275.38 million, a PE ratio of -60.67, a P/E/G ratio of 6.50 and a beta of 1.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $19.05. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $29.30.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $8.47 million during the quarter, compared to analyst estimates of $8.45 million. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. As a group, equities analysts predict that AudioEye will post 0.14 EPS for the current fiscal year.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.