AudioEye (NASDAQ:AEYE) Issues FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.510-0.530 for the period, compared to the consensus EPS estimate of -0.130. The company issued revenue guidance of $35.2 million-$35.3 million, compared to the consensus revenue estimate of $34.7 million. AudioEye also updated its FY24 guidance to $0.51-0.53 EPS.

AudioEye Trading Down 0.1 %

Shares of NASDAQ:AEYE opened at $22.83 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39. AudioEye has a 12-month low of $3.75 and a 12-month high of $29.30. The business has a 50 day moving average of $22.48 and a two-hundred day moving average of $19.26. The company has a market capitalization of $265.72 million, a PE ratio of -58.54, a PEG ratio of 6.50 and a beta of 1.00.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. The business had revenue of $8.47 million during the quarter, compared to the consensus estimate of $8.45 million. As a group, analysts forecast that AudioEye will post 0.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on AEYE shares. Craig Hallum increased their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a buy rating in a report on Friday, July 26th. Roth Mkm initiated coverage on AudioEye in a report on Friday, June 21st. They issued a buy rating and a $25.00 price objective on the stock. HC Wainwright increased their target price on AudioEye from $23.00 to $28.00 and gave the company a buy rating in a report on Tuesday. Finally, Roth Capital raised AudioEye to a strong-buy rating in a research note on Friday, June 21st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $25.38.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.