TruGolf (TRUG) Expected to Announce Earnings on Tuesday

TruGolf (NASDAQ:TRUG) is expected to post its quarterly earnings results before the market opens on Tuesday, August 19th. Analysts expect TruGolf to post earnings of ($2.50) per share for the quarter.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($4.50) EPS for the quarter, missing the consensus estimate of ($2.50) by ($2.00). The firm had revenue of $5.39 million during the quarter, compared to analysts’ expectations of $5.24 million. On average, analysts expect TruGolf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TruGolf Stock Up 1.6%

NASDAQ TRUG opened at $4.35 on Friday. The stock’s 50-day moving average price is $6.35 and its 200-day moving average price is $13.19. TruGolf has a 52 week low of $3.95 and a 52 week high of $73.50. The company has a market capitalization of $3.80 million, a P/E ratio of -0.13 and a beta of -0.91.

TruGolf declared that its board has approved a stock repurchase program on Thursday, May 29th that authorizes the company to repurchase $2.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 26.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded TruGolf from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th.

About TruGolf

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.