Usio (NASDAQ:USIO) Releases FY 2024 Earnings Guidance

Usio (NASDAQ:USIO) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.050-0.070 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $90.9 million-$92.5 million, compared to the consensus revenue estimate of $93.0 million.

Usio Stock Performance

NASDAQ USIO traded up $0.06 on Wednesday, reaching $1.75. The company’s stock had a trading volume of 84,170 shares, compared to its average volume of 32,326. Usio has a twelve month low of $1.30 and a twelve month high of $2.36. The stock has a market cap of $46.04 million, a PE ratio of -44.75 and a beta of 1.56. The firm’s 50 day moving average is $1.69 and its two-hundred day moving average is $1.76.

Hedge Funds Weigh In On Usio

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of Usio by 16.3% in the second quarter. Renaissance Technologies LLC now owns 369,941 shares of the company’s stock valued at $688,000 after acquiring an additional 51,800 shares during the period. BlackRock Inc. raised its position in Usio by 11.5% in the 2nd quarter. BlackRock Inc. now owns 114,782 shares of the company’s stock valued at $213,000 after buying an additional 11,836 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of Usio during the 1st quarter worth approximately $31,000. Dimensional Fund Advisors LP increased its holdings in shares of Usio by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 119,535 shares of the company’s stock worth $191,000 after acquiring an additional 13,459 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Usio by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,017,905 shares of the company’s stock valued at $1,324,000 after purchasing an additional 21,683 shares during the period. Institutional investors and hedge funds own 20.23% of the company’s stock.

About Usio

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, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.