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 (EPS) guidance of 0.050-0.070 for the period, compared to the consensus 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 Up 3.4 %

NASDAQ:USIO opened at $1.75 on Thursday. The business’s 50 day moving average is $1.69 and its two-hundred day moving average is $1.76. The company has a market cap of $46.04 million, a PE ratio of -43.75 and a beta of 1.56. Usio has a 52 week low of $1.30 and a 52 week high of $2.36.

Institutional Trading of Usio

A number of institutional investors and hedge funds have recently made changes to their positions in USIO. Vanguard Group Inc. raised its position in shares of Usio by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 1,000,801 shares of the company’s stock worth $3,583,000 after purchasing an additional 120,821 shares during the period. Renaissance Technologies LLC raised its position in shares of Usio by 16.3% during the 2nd quarter. Renaissance Technologies LLC now owns 369,941 shares of the company’s stock worth $688,000 after purchasing an additional 51,800 shares during the period. Cruiser Capital Advisors LLC raised its position in shares of Usio by 64.8% during the 1st quarter. Cruiser Capital Advisors LLC now owns 126,401 shares of the company’s stock worth $453,000 after purchasing an additional 49,701 shares during the period. LPL Financial LLC increased its position in Usio by 61.8% in the 2nd quarter. LPL Financial LLC now owns 72,801 shares of the company’s stock valued at $177,000 after acquiring an additional 27,801 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Usio in the 1st quarter valued at approximately $31,000. 20.23% of the stock is currently owned by institutional investors and hedge funds.

Usio Company Profile

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.