FY2024 EPS Estimates for Genasys Inc. Lowered by Roth Capital (NASDAQ:GNSS)

Genasys Inc. (NASDAQ:GNSS) – Research analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Genasys in a report issued on Thursday, September 19th. Roth Capital analyst S. Searle now anticipates that the company will post earnings per share of ($0.58) for the year, down from their prior forecast of ($0.57). The consensus estimate for Genasys’ current full-year earnings is ($0.57) per share. Roth Capital also issued estimates for Genasys’ Q4 2024 earnings at ($0.12) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.18) EPS and FY2026 earnings at $0.17 EPS.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The business had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. Genasys had a negative net margin of 108.72% and a negative return on equity of 66.93%. During the same period last year, the company earned ($0.04) EPS.

A number of other equities research analysts also recently issued reports on GNSS. Roth Mkm boosted their price target on shares of Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research note on Thursday, September 19th. Northland Securities boosted their target price on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, Ascendiant Capital Markets raised their price target on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research report on Monday, August 19th.

Genasys Trading Down 0.6 %

NASDAQ GNSS opened at $3.46 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. The stock has a market capitalization of $154.31 million, a P/E ratio of -5.58 and a beta of 0.52. The firm’s 50-day moving average is $2.87 and its two-hundred day moving average is $2.36. Genasys has a 12 month low of $1.51 and a 12 month high of $3.58.

Institutional Trading of Genasys

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Genasys by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock worth $4,579,000 after purchasing an additional 237,871 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Genasys during the second quarter worth approximately $875,000. Victory Capital Management Inc. raised its holdings in Genasys by 49.4% in the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after acquiring an additional 10,212 shares in the last quarter. BOKF NA raised its holdings in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after acquiring an additional 87,550 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in Genasys by 4.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,054,481 shares of the company’s stock worth $2,141,000 after acquiring an additional 42,703 shares during the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genasys

In other Genasys news, Director Mark Culhane acquired 17,587 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $2.65 per share, with a total value of $46,605.55. Following the completion of the purchase, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Genasys Company Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.