Latch (NASDAQ:LTCH – Get Rating) will post its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Latch to post earnings of ($0.35) per share for the quarter. Latch has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
Latch (NASDAQ:LTCH – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.02. The business had revenue of $14.52 million for the quarter, compared to analysts’ expectations of $13.25 million. On average, analysts expect Latch to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of LTCH opened at $3.23 on Thursday. The stock has a 50 day moving average of $4.06 and a 200 day moving average of $6.48. Latch has a 12 month low of $3.15 and a 12 month high of $14.83.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Latch by 9.3% in the fourth quarter. BlackRock Inc. now owns 5,086,965 shares of the company’s stock valued at $38,508,000 after purchasing an additional 432,075 shares in the last quarter. Morgan Stanley purchased a new position in shares of Latch in the second quarter valued at $38,967,000. State Street Corp grew its position in shares of Latch by 259.5% in the fourth quarter. State Street Corp now owns 1,007,685 shares of the company’s stock valued at $7,628,000 after purchasing an additional 727,385 shares in the last quarter. Geode Capital Management LLC boosted its stake in Latch by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 850,315 shares of the company’s stock valued at $6,436,000 after buying an additional 29,835 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Latch by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 441,461 shares of the company’s stock valued at $3,342,000 after buying an additional 5,449 shares during the period. Institutional investors own 45.30% of the company’s stock.
About Latch (Get Rating)
Latch, Inc operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications.
- Get a free copy of the StockNews.com research report on Latch (LTCH)
- Carl Icahn Buys More Xerox
- Xerox Holdings Stock is a Value Play
- The Kraft Heinz Turnaround Story Gains Momentum
- Microsoft (NASDAQ: MSFT) Saves The Day, For Now
- Las Vegas Sands Stock Could be a Winning Bet Down Here
Receive News & Ratings for Latch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latch and related companies with MarketBeat.com's FREE daily email newsletter.