Brokerages predict that Genasys Inc. (NASDAQ:GNSS – Get Rating) will post $11.78 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Genasys’ earnings. The lowest sales estimate is $11.05 million and the highest is $12.50 million. Genasys posted sales of $11.30 million during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The company is expected to announce its next earnings report 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 financial year, analysts forecast that the firm will report sales of $63.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Genasys.
Genasys (NASDAQ:GNSS – Get Rating) last released its quarterly 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 net margin of 0.04% and a return on equity of 0.03%. The business had revenue of $10.68 million for the quarter, compared to the consensus estimate of $10.99 million. During the same period in the prior year, the company posted ($0.02) earnings per share.
In other news, Director Laura Clague sold 13,716 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $3.14, for a total value of $43,068.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Genasys during the 4th quarter worth $31,000. Citadel Advisors LLC raised its position in shares of Genasys by 55.1% during the fourth quarter. Citadel Advisors LLC now owns 11,944 shares of the company’s stock worth $48,000 after acquiring an additional 4,244 shares during the last quarter. Marshall Wace LLP bought a new position in Genasys during the 4th quarter worth approximately $77,000. Morgan Stanley lifted its position in shares of Genasys by 29.2% in the 2nd quarter. Morgan Stanley now owns 20,867 shares of the company’s stock worth $115,000 after purchasing an additional 4,722 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Genasys by 93.9% during the 3rd quarter. Victory Capital Management Inc. now owns 33,927 shares of the company’s stock worth $176,000 after acquiring an additional 16,427 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.
Shares of Genasys stock opened at $2.99 on Wednesday. Genasys has a twelve month low of $2.40 and a twelve month high of $6.25. The company has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $3.66.
Genasys Company Profile (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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