Equities Analysts Set Expectations for BYRN FY2024 Earnings

Byrna Technologies Inc. (NASDAQ:BYRN) – Equities research analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for Byrna Technologies in a report issued on Tuesday, December 10th. Roth Capital analyst M. Koranda now forecasts that the company will earn $0.22 per share for the year, up from their previous forecast of $0.19. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Byrna Technologies’ current full-year earnings is $0.19 per share. Roth Capital also issued estimates for Byrna Technologies’ Q4 2024 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $17.75.

Byrna Technologies Trading Down 0.6 %

Shares of BYRN stock opened at $24.67 on Thursday. The company’s fifty day simple moving average is $17.74 and its 200-day simple moving average is $13.87. Byrna Technologies has a 52 week low of $5.36 and a 52 week high of $25.77. The company has a market cap of $561.49 million, a PE ratio of 274.14 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.04 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BYRN. nVerses Capital LLC acquired a new position in shares of Byrna Technologies during the third quarter valued at $34,000. Quest Partners LLC acquired a new position in shares of Byrna Technologies during the 3rd quarter valued at $46,000. Algert Global LLC acquired a new position in Byrna Technologies during the second quarter worth about $131,000. MetLife Investment Management LLC raised its holdings in shares of Byrna Technologies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after buying an additional 2,976 shares in the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Byrna Technologies

In related news, CFO Laurilee Kearnes bought 2,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the purchase, the chief financial officer now owns 2,500 shares in the company, valued at $35,100. This trade represents a 400.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Bryan Ganz sold 2,478 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total value of $45,743.88. Following the sale, the chief executive officer now owns 398,059 shares in the company, valued at $7,348,169.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,424 shares of company stock valued at $183,104. Corporate insiders own 11.08% 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.