Ispire Technology (ISPR) Projected to Post Quarterly Earnings on Tuesday

Ispire Technology (NASDAQ:ISPR) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $43.55 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ispire Technology (NASDAQ:ISPR) last issued its earnings results on Monday, November 11th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). Ispire Technology had a negative return on equity of 58.50% and a negative net margin of 12.80%. The business had revenue of $39.34 million during the quarter, compared to analysts’ expectations of $45.60 million. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, analysts expect Ispire Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ispire Technology Trading Down 6.6 %

Shares of NASDAQ ISPR opened at $4.36 on Tuesday. Ispire Technology has a one year low of $4.16 and a one year high of $12.14. The business has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $6.16. The firm has a market capitalization of $246.99 million, a PE ratio of -12.82 and a beta of 2.90.

Ispire Technology announced that its board has approved a stock repurchase program on Wednesday, January 22nd that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Roth Capital raised Ispire Technology to a “strong-buy” rating in a research report on Friday, November 8th.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.