Genasys Inc. (NASDAQ:GNSS) Expected to Post Quarterly Sales of $11.78 Million

Equities research analysts expect that Genasys Inc. (NASDAQ:GNSSGet Rating) will announce sales of $11.78 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Genasys’ earnings. The lowest sales estimate is $11.05 million and the highest is $12.50 million. Genasys reported sales of $11.30 million during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The company is scheduled to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Genasys will report full-year sales of $53.03 million for the current year, with estimates ranging from $52.50 million to $53.55 million. For the next year, analysts forecast that the firm will report sales of $63.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Genasys.

Genasys (NASDAQ:GNSSGet Rating) last posted its earnings results on Monday, February 7th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). Genasys had a return on equity of 0.03% and a net margin of 0.04%. The firm had revenue of $10.68 million for the quarter, compared to analysts’ expectations of $10.99 million. During the same period last year, the firm earned ($0.02) EPS.

Separately, Zacks Investment Research upgraded Genasys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 8th.

GNSS opened at $2.75 on Thursday. Genasys has a 12 month low of $2.40 and a 12 month high of $7.30. The stock’s 50 day moving average price is $2.94 and its 200 day moving average price is $3.84.

In other news, Director Laura Clague sold 13,716 shares of Genasys stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $3.14, for a total transaction of $43,068.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Genasys by 0.8% during the 4th quarter. BlackRock Inc. now owns 699,290 shares of the company’s stock valued at $2,783,000 after purchasing an additional 5,277 shares during the period. Marshall Wace LLP bought a new stake in shares of Genasys during the 4th quarter worth $77,000. Citadel Advisors LLC boosted its stake in shares of Genasys by 55.1% during the 4th quarter. Citadel Advisors LLC now owns 11,944 shares of the company’s stock worth $48,000 after acquiring an additional 4,244 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Genasys by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 377,478 shares of the company’s stock worth $1,502,000 after acquiring an additional 52,442 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Genasys by 25.2% during the 4th quarter. Essex Investment Management Co. LLC now owns 228,940 shares of the company’s stock worth $911,000 after acquiring an additional 46,050 shares in the last quarter. Institutional investors own 46.79% of the company’s stock.

About Genasys (Get Rating)

Genasys, Inc provides critical communications systems and solutions and multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.

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