Brokerages Anticipate Quantenna Communications Inc (QTNA) to Post $0.19 Earnings Per Share

Equities research analysts expect Quantenna Communications Inc (NASDAQ:QTNA) to report earnings of $0.19 per share for the current quarter, Zacks reports. Five analysts have made estimates for Quantenna Communications’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.19. Quantenna Communications posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year-over-year growth rate of 1,800%. The company is scheduled to announce its next earnings results on Monday, February 11th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Quantenna Communications had a net margin of 17.07% and a return on equity of 3.65%. The company had revenue of $59.30 million during the quarter, compared to analyst estimates of $58.06 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis.

Several equities analysts have recently weighed in on QTNA shares. Roth Capital raised their price objective on shares of Quantenna Communications from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Benchmark raised their target price on shares of Quantenna Communications from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. BidaskClub upgraded shares of Quantenna Communications from a “hold” rating to a “buy” rating in a report on Wednesday, September 5th. Stifel Nicolaus raised their target price on shares of Quantenna Communications from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. Finally, ValuEngine upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.80.

Shares of NASDAQ:QTNA traded up $0.08 during trading hours on Friday, hitting $15.00. 479,500 shares of the company’s stock traded hands, compared to its average volume of 340,452. Quantenna Communications has a 52 week low of $10.16 and a 52 week high of $19.41. The firm has a market cap of $557.93 million, a price-to-earnings ratio of -750.00, a price-to-earnings-growth ratio of 6.87 and a beta of 1.24.

In related news, SVP David William Carroll sold 6,317 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $14.96, for a total transaction of $94,502.32. Following the completion of the sale, the senior vice president now directly owns 68,593 shares in the company, valued at $1,026,151.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Sam Heidari sold 37,734 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $18.78, for a total transaction of $708,644.52. Following the sale, the chairman now owns 200,007 shares of the company’s stock, valued at $3,756,131.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 333,968 shares of company stock valued at $5,880,564. Corporate insiders own 13.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of QTNA. BlackRock Inc. boosted its holdings in shares of Quantenna Communications by 47.7% during the second quarter. BlackRock Inc. now owns 2,053,527 shares of the technology company’s stock worth $31,910,000 after purchasing an additional 662,933 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Quantenna Communications by 31.1% during the third quarter. JPMorgan Chase & Co. now owns 2,230,121 shares of the technology company’s stock worth $41,146,000 after purchasing an additional 529,520 shares during the period. American Century Companies Inc. acquired a new stake in shares of Quantenna Communications during the second quarter worth approximately $5,609,000. Dimensional Fund Advisors LP acquired a new stake in shares of Quantenna Communications during the third quarter worth approximately $6,532,000. Finally, Trigran Investments Inc. boosted its holdings in shares of Quantenna Communications by 38.3% during the third quarter. Trigran Investments Inc. now owns 1,018,842 shares of the technology company’s stock worth $18,798,000 after purchasing an additional 281,969 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

About Quantenna Communications

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

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