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.
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.
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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