What is HC Wainwright’s Estimate for Usio FY2024 Earnings?

Usio, Inc. (NASDAQ:USIO) – HC Wainwright cut their FY2024 earnings estimates for Usio in a research report issued on Wednesday, January 29th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.04) per share for the year, down from their prior forecast of ($0.03). HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Usio’s current full-year earnings is ($0.02) per share. HC Wainwright also issued estimates for Usio’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.04 EPS.

Usio Trading Down 2.2 %

NASDAQ:USIO opened at $1.79 on Friday. The stock has a market capitalization of $48.56 million, a PE ratio of 19.89 and a beta of 1.75. The business’s 50-day simple moving average is $1.75 and its 200-day simple moving average is $1.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Usio has a fifty-two week low of $1.24 and a fifty-two week high of $2.92.

Institutional Investors Weigh In On Usio

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning purchased a new position in Usio during the 3rd quarter worth $58,000. Geode Capital Management LLC boosted its holdings in shares of Usio by 5.6% in the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after acquiring an additional 9,731 shares during the period. Finally, Whittier Trust Co. purchased a new position in shares of Usio during the 3rd quarter valued at $3,821,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

About Usio

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.