Litchfield Hills Research Forecasts Weaker Earnings for Usio

Usio, Inc. (NASDAQ:USIO) – Analysts at Litchfield Hills Research dropped their Q4 2024 earnings estimates for Usio in a report issued on Monday, November 18th. Litchfield Hills Research analyst B. Sine now expects that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Usio’s current full-year earnings is $0.08 per share.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Friday, August 16th.

Usio Price Performance

Shares of USIO opened at $1.47 on Tuesday. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.49. The firm has a market cap of $39.88 million, a PE ratio of 16.33 and a beta of 1.70. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio has a 1-year low of $1.30 and a 1-year high of $2.00.

Hedge Funds Weigh In On Usio

A number of institutional investors and hedge funds have recently made changes to their positions in USIO. Creative Planning purchased a new stake in Usio during the third quarter valued at approximately $58,000. Geode Capital Management LLC grew its position in shares of Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares during the period. Perritt Capital Management Inc grew its position in shares of Usio by 35.7% during the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock valued at $581,000 after acquiring an additional 100,000 shares during the period. Finally, Whittier Trust Co. purchased a new stake in shares of Usio in the 3rd quarter worth $3,821,000. Hedge funds and other institutional investors 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.