Roth Capital Analysts Decrease Earnings Estimates for Genasys Inc. (NASDAQ:GNSS)

Genasys Inc. (NASDAQ:GNSS) – Equities research analysts at Roth Capital cut their FY2024 EPS estimates for shares of Genasys in a research note issued to investors on Thursday, September 19th. Roth Capital analyst S. Searle now forecasts that the company will earn ($0.58) per share for the year, down from their prior estimate 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.

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

Genasys Stock Performance

Shares of Genasys stock opened at $3.45 on Monday. The firm has a market cap of $153.86 million, a PE ratio of -5.56 and a beta of 0.52. The firm’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. Genasys has a 1 year low of $1.51 and a 1 year high of $3.58.

Genasys (NASDAQ:GNSS) last issued its earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company 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 quarter last year, the company posted ($0.04) EPS.

Insiders Place Their Bets

In other Genasys news, Director Mark Culhane bought 17,587 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $2.65 per share, with a total value of $46,605.55. Following the completion of the acquisition, the director now directly owns 37,587 shares of the company’s stock, valued at approximately $99,605.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genasys

Several large investors have recently made changes to their positions in GNSS. Commonwealth Equity Services LLC acquired a new stake in shares of Genasys in the second quarter valued at approximately $875,000. Vanguard Group Inc. increased its stake in shares of Genasys by 14.0% in the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after purchasing an additional 237,871 shares during the period. BOKF NA increased its stake in shares of 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 purchasing an additional 87,550 shares during the period. Cutter & CO Brokerage Inc. increased its stake in shares of Genasys by 57.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after acquiring an additional 69,750 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Genasys by 4.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,054,481 shares of the company’s stock valued at $2,141,000 after acquiring an additional 42,703 shares during the period. Institutional investors and hedge funds own 40.04% 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.