Usio Inc. (USIO)

Research Analysts Set Expectations for Usio, Inc.’s Q2 2024 Earnings (NASDAQ:USIO)

Usio, Inc. (NASDAQ:USIO – Free Report) – Investment analysts at HC Wainwright cut their Q2 2024 earnings estimates for shares of Usio in a research report issued on Friday, May 17th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.03. HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Usio’s current full-year earnings is $0.16 per share. HC Wainwright also issued estimates for Usio’s FY2025 earnings at $0.16 EPS. Usio Stock Up 1.2 % USIO stock opened at $1.66 on Monday. Usio has a twelve month low of $1.30 and a twelve month high of $2.28. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The company has a market cap of $43.87 million, a PE ratio of -41.50 and a beta of 1.60. The business’s 50-day simple moving average is $1.56 and its 200 day simple moving average is $1.66. Usio (NASDAQ:USIO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $20.32 million during the quarter, compared to the consensus estimate of $22.99 million. Usio had a negative net margin of 0.91% and a negative return on equity of 4.91%. Hedge Funds Weigh In On Usio Hedge funds and other institutional investors have recently made changes to their positions in the business. Perkins Capital Management Inc. grew its holdings in Usio by 3.5% during the 4th quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock worth $1,790,000 after acquiring an additional 35,500 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in shares of Usio by 3.7% in the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock valued at $482,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Usio during the 1st quarter worth $34,000. 20.23% of the stock is owned by institutional investors. Usio Company Profile (Get Free Report) Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.