Data I/O Co. (NASDAQ:DAIO) Forecasted to Earn Q2 2024 Earnings of $0.02 Per Share

Data I/O Co. (NASDAQ:DAIO) – Equities researchers at Singular Research issued their Q2 2024 earnings per share (EPS) estimates for Data I/O in a research note issued on Tuesday, April 30th. Singular Research analyst D. Marsh anticipates that the electronics maker will post earnings of $0.02 per share for the quarter. Singular Research has a “Buy” rating on the stock. Singular Research also issued estimates for Data I/O’s Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.10 EPS.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share for the quarter. Data I/O had a negative net margin of 1.54% and a negative return on equity of 2.10%. The company had revenue of $6.87 million during the quarter.

Data I/O Stock Performance

Shares of DAIO opened at $2.90 on Friday. The business’s fifty day moving average price is $3.48 and its two-hundred day moving average price is $3.24. The firm has a market capitalization of $26.16 million, a price-to-earnings ratio of -57.99 and a beta of 1.06. Data I/O has a 52 week low of $2.78 and a 52 week high of $4.80.

Hedge Funds Weigh In On Data I/O

Several hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in shares of Data I/O during the 1st quarter worth approximately $56,000. Essex Investment Management Co. LLC boosted its stake in Data I/O by 28.2% in the first quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after acquiring an additional 18,053 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Data I/O in the third quarter valued at approximately $463,000. Institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.