AudioEye (NASDAQ:AEYE) Updates FY24 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $0.51-0.53 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Mkm assumed coverage on AudioEye in a report on Friday, June 21st. They set a buy rating and a $25.00 price objective for the company. Roth Capital upgraded AudioEye to a strong-buy rating in a report on Friday, June 21st. Craig Hallum increased their price objective on AudioEye from $20.00 to $30.00 and gave the stock a buy rating in a report on Friday, July 26th. Finally, HC Wainwright reiterated a buy rating and set a $23.00 price objective on shares of AudioEye in a report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of $24.13.

AudioEye Price Performance

NASDAQ AEYE opened at $23.66 on Monday. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $29.30. The stock’s 50-day moving average is $22.43 and its two-hundred day moving average is $19.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $275.38 million, a P/E ratio of -60.67, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00.

AudioEye (NASDAQ:AEYE) last posted its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. On average, analysts anticipate that AudioEye will post 0.14 earnings per share 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.