Analysts Anticipate Airgain Inc (NASDAQ:AIRG) to Announce $0.04 EPS

Wall Street brokerages predict that Airgain Inc (NASDAQ:AIRG) will post earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Airgain’s earnings. Airgain posted earnings of $0.17 per share during the same quarter last year, which would suggest a negative year over year growth rate of 76.5%. The firm is scheduled to issue its next earnings results on Thursday, February 13th.

On average, analysts expect that Airgain will report full-year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.30. For the next financial year, analysts expect that the firm will post earnings of $0.19 per share, with EPS estimates ranging from $0.16 to $0.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Airgain.

Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, November 7th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. Airgain had a return on equity of 4.59% and a net margin of 3.61%. The firm had revenue of $13.10 million for the quarter, compared to the consensus estimate of $12.83 million. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis.

AIRG has been the topic of a number of recent analyst reports. ValuEngine cut shares of Airgain from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. B. Riley cut shares of Airgain from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $11.50 in a research note on Tuesday, November 26th. Cowen dropped their price target on shares of Airgain from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, William Blair lowered shares of Airgain from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.13.

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Airgain during the 2nd quarter valued at $35,000. Rice Hall James & Associates LLC lifted its holdings in shares of Airgain by 2.0% in the third quarter. Rice Hall James & Associates LLC now owns 133,089 shares of the technology company’s stock valued at $1,564,000 after buying an additional 2,561 shares during the period. Morgan Stanley boosted its stake in Airgain by 9.0% during the second quarter. Morgan Stanley now owns 31,556 shares of the technology company’s stock valued at $446,000 after buying an additional 2,594 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Airgain by 9.0% during the second quarter. Parametric Portfolio Associates LLC now owns 92,611 shares of the technology company’s stock worth $1,310,000 after acquiring an additional 7,611 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Airgain by 366.4% during the second quarter. Wells Fargo & Company MN now owns 10,532 shares of the technology company’s stock worth $148,000 after acquiring an additional 8,274 shares during the period. 50.92% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AIRG traded up $0.38 on Friday, hitting $10.24. The company’s stock had a trading volume of 70,537 shares, compared to its average volume of 86,503. The company has a market capitalization of $95.61 million, a price-to-earnings ratio of -37.93 and a beta of 1.85. Airgain has a 12 month low of $8.28 and a 12 month high of $17.25. The stock’s 50-day moving average is $10.46 and its two-hundred day moving average is $12.11.

About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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