$9.00 Million in Sales Expected for Genasys Inc. (NASDAQ:GNSS) This Quarter


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Equities analysts expect that Genasys Inc. (NASDAQ:GNSS) will post $9.00 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Genasys’ earnings. The highest sales estimate is $9.10 million and the lowest is $8.89 million. Genasys reported sales of $8.78 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is expected to issue its next earnings report on Monday, February 8th.

According to Zacks, analysts expect that Genasys will report full year sales of $46.58 million for the current year, with estimates ranging from $46.36 million to $46.80 million. For the next fiscal year, analysts expect that the company will post sales of $55.19 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genasys.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, December 8th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.24. Genasys had a return on equity of 14.51% and a net margin of 27.61%.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Genasys from a “hold” rating to a “sell” rating in a research report on Wednesday, December 16th. Northland Securities restated a “buy” rating and set a $7.50 target price on shares of Genasys in a research report on Thursday, December 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Genasys has an average rating of “Hold” and an average target price of $5.50.

In other Genasys news, Director Daniel H. Mccollum sold 20,000 shares of Genasys stock in a transaction that occurred on Monday, December 14th. The shares were sold at an average price of $6.46, for a total transaction of $129,200.00. Following the completion of the sale, the director now directly owns 32,500 shares in the company, valued at $209,950. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Awm Investment Company, Inc. sold 101,000 shares of the business’s stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $7.07, for a total transaction of $714,070.00. The disclosure for this sale can be found here. Insiders have sold 208,616 shares of company stock valued at $1,447,622 in the last three months. 4.80% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Genasys by 2.2% in the third quarter. BlackRock Inc. now owns 2,509,052 shares of the company’s stock worth $15,430,000 after buying an additional 53,237 shares in the last quarter. State Street Corp boosted its stake in shares of Genasys by 13.6% during the 3rd quarter. State Street Corp now owns 412,470 shares of the company’s stock worth $2,537,000 after acquiring an additional 49,315 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Genasys by 18.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,803 shares of the company’s stock worth $639,000 after acquiring an additional 16,422 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Genasys by 40.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 73,757 shares of the company’s stock worth $454,000 after purchasing an additional 21,226 shares during the period. Finally, California Public Employees Retirement System increased its position in Genasys by 3.9% in the third quarter. California Public Employees Retirement System now owns 69,100 shares of the company’s stock worth $425,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 52.42% of the company’s stock.

NASDAQ:GNSS traded up $0.07 on Wednesday, reaching $6.72. 91,746 shares of the company’s stock were exchanged, compared to its average volume of 225,743. The firm has a market cap of $225.57 million, a price-to-earnings ratio of 19.76 and a beta of 0.64. The stock has a fifty day simple moving average of $6.63 and a 200-day simple moving average of $5.66. Genasys has a 52 week low of $2.01 and a 52 week high of $7.32.

About Genasys

Genasys is a global provider of critical communications solutions to help keep people safe. During public safety threats and critical business events, the Company?s unified platform of LRAD(TM) systems, Critical Communications as a Service software and integrated solutions provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after crisis situations.

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