AudioEye (NASDAQ:AEYE) Releases Q3 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its third quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 0.150-0.160 for the period, compared to the consensus EPS estimate of 0.000. The company issued revenue guidance of $8.9 million-$9.0 million, compared to the consensus revenue estimate of $8.9 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

AudioEye Price Performance

AEYE opened at $22.85 on Tuesday. AudioEye has a 1 year low of $3.75 and a 1 year high of $29.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $265.95 million, a price-to-earnings ratio of -58.59, a P/E/G ratio of 6.50 and a beta of 1.00. The firm’s fifty day moving average price is $22.46 and its two-hundred day moving average price is $19.16.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.45 million. As a group, analysts anticipate that AudioEye will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on AEYE. HC Wainwright reaffirmed a buy rating and set a $23.00 price target on shares of AudioEye in a research report on Friday, July 26th. Roth Mkm began coverage on AudioEye in a research report on Friday, June 21st. They set a buy rating and a $25.00 target price for the company. Craig Hallum boosted their price target on shares of AudioEye from $20.00 to $30.00 and gave the stock a buy rating in a report on Friday, July 26th. Finally, Roth Capital upgraded shares of AudioEye to a strong-buy rating in a report on Friday, June 21st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AudioEye presently has an average rating of Buy and a consensus price target of $24.13.

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.