Brokerages Expect LRAD Corp (NASDAQ:LRAD) to Post ($0.02) EPS

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LRAD Corp (NASDAQ:LRAD) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $5.00 for the company and are forecasting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given LRAD an industry rank of 155 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently commented on the company. UBS Group assumed coverage on LRAD in a research note on Tuesday, July 2nd. They set an “outperform” rating and a $5.00 price target for the company. Oppenheimer assumed coverage on LRAD in a research note on Tuesday, July 2nd. They set an “outperform” rating and a $5.00 price target for the company. Finally, CIBC assumed coverage on LRAD in a research note on Tuesday, July 2nd. They set an “outperform” rating and a $5.00 price target for the company.

LRAD traded down $0.15 during midday trading on Tuesday, reaching $3.45. The company had a trading volume of 180,708 shares, compared to its average volume of 116,347. LRAD has a 1 year low of $2.08 and a 1 year high of $4.24. The business has a 50-day moving average of $3.89 and a two-hundred day moving average of $3.18. The company has a market cap of $117.32 million, a P/E ratio of -57.50 and a beta of 0.62.

LRAD (NASDAQ:LRAD) last released its earnings results on Monday, August 12th. The scientific and technical instruments company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). LRAD had a return on equity of 1.25% and a net margin of 1.29%. The business had revenue of $8.86 million for the quarter, compared to analysts’ expectations of $11.10 million. Research analysts forecast that LRAD will post 0.06 EPS for the current fiscal year.

In other news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $4.02, for a total value of $402,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pointe Capital Management LLC purchased a new position in LRAD during the 2nd quarter worth $33,000. Marshall Wace LLP purchased a new position in LRAD during the 1st quarter worth $35,000. WealthTrust Axiom LLC increased its holdings in LRAD by 53.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 15,300 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 5,300 shares during the period. Wells Fargo & Company MN increased its holdings in LRAD by 306.9% during the 2nd quarter. Wells Fargo & Company MN now owns 28,485 shares of the scientific and technical instruments company’s stock worth $94,000 after purchasing an additional 21,485 shares during the period. Finally, Cutter & CO Brokerage Inc. purchased a new position in LRAD during the 2nd quarter worth $112,000. Hedge funds and other institutional investors own 48.07% of the company’s stock.

LRAD Company Profile

LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.

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