SmartRent (SMRT) Expected to Announce Quarterly Earnings on Wednesday

SmartRent (NYSE:SMRT) is projected to release its Q2 2025 earnings data before the market opens on Wednesday, August 6th. Analysts expect SmartRent to post earnings of ($0.04) per share and revenue of $38.85 million for the quarter.

SmartRent (NYSE:SMRT) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $41.34 million during the quarter, compared to the consensus estimate of $40.10 million. SmartRent had a negative net margin of 39.90% and a negative return on equity of 11.65%. On average, analysts expect SmartRent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SmartRent Trading Up 5.7%

SMRT stock opened at $1.02 on Tuesday. The stock has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $1.08. The stock has a market cap of $191.00 million, a PE ratio of -2.99 and a beta of 1.82. SmartRent has a 1 year low of $0.67 and a 1 year high of $1.99.

SmartRent declared that its board has initiated a share buyback program on Wednesday, May 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 27.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SMRT. Cantor Fitzgerald upgraded SmartRent to a “hold” rating in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods cut their target price on shares of SmartRent from $1.60 to $1.30 and set a “market perform” rating for the company in a research note on Thursday, May 8th.

Institutional Investors Weigh In On SmartRent

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in shares of SmartRent by 245.9% in the first quarter. AQR Capital Management LLC now owns 973,783 shares of the company’s stock valued at $1,178,000 after buying an additional 692,268 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in SmartRent by 81.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 634,066 shares of the company’s stock valued at $767,000 after acquiring an additional 285,478 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in SmartRent during the first quarter valued at $69,000. 59.42% of the stock is currently owned by institutional investors and hedge funds.

SmartRent Company Profile

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.