Q4 EPS Forecast for Byrna Technologies Boosted by Analyst

Byrna Technologies Inc. (NASDAQ:BYRN) – Research analysts at B. Riley upped their Q4 2024 earnings per share (EPS) estimates for Byrna Technologies in a note issued to investors on Tuesday, December 10th. B. Riley analyst J. Van. Sinderen now expects that the company will earn $0.02 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.19 per share.

A number of other equities research analysts also recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $20.00 price objective on shares of Byrna Technologies in a report on Wednesday, October 30th. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $17.75.

Byrna Technologies Stock Down 0.6 %

NASDAQ BYRN opened at $24.67 on Friday. Byrna Technologies has a twelve month low of $5.36 and a twelve month high of $25.77. The stock has a market cap of $561.49 million, a P/E ratio of 274.14 and a beta of 1.80. The company’s 50-day simple moving average is $17.74 and its 200 day simple moving average is $13.87.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million.

Insiders Place Their Bets

In other Byrna Technologies news, CFO Laurilee Kearnes purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $35,100. This represents a 400.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bryan Ganz sold 5,495 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $17.41, for a total transaction of $95,667.95. Following the sale, the chief executive officer now directly owns 432,564 shares in the company, valued at approximately $7,530,939.24. This represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,424 shares of company stock valued at $183,104. 11.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Byrna Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after acquiring an additional 14,755 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Byrna Technologies by 68.8% in the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after acquiring an additional 59,738 shares during the last quarter. Rhumbline Advisers acquired a new stake in Byrna Technologies in the second quarter worth about $205,000. Dimensional Fund Advisors LP raised its holdings in Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after purchasing an additional 2,976 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Byrna Technologies during the 2nd quarter valued at about $786,000. Institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

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.