Byrna Technologies (BYRN) to Release Quarterly Earnings on Wednesday

by · The Cerbat Gem

Byrna Technologies (NASDAQ:BYRN – Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Byrna Technologies (NASDAQ:BYRN – Get Free Report) last announced its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The company had revenue of $20.27 million for the quarter, compared to analysts’ expectations of $20.29 million. On average, analysts expect Byrna Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Byrna Technologies Stock Performance

BYRN stock opened at $17.59 on Tuesday. The stock has a market capitalization of $400.65 million, a PE ratio of -138.21 and a beta of 1.69. The company has a fifty day moving average of $13.03 and a 200-day moving average of $12.29. Byrna Technologies has a one year low of $2.52 and a one year high of $19.42.

Insiders Place Their Bets

In other news, insider Lisa Wager sold 20,000 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the sale, the insider now directly owns 229,555 shares in the company, valued at approximately $3,098,992.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.40, for a total value of $268,606.80. Following the sale, the chief executive officer now directly owns 460,617 shares in the company, valued at $7,093,501.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Wager sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total transaction of $270,000.00. Following the transaction, the insider now owns 229,555 shares of the company’s stock, valued at $3,098,992.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,416 shares of company stock worth $820,581. 8.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BYRN shares. Roth Mkm started coverage on Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price objective on the stock. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $15.75.

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Byrna Technologies Company Profile

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Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.

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