Analysts forecast that Boingo Wireless Inc (NASDAQ:WIFI) will post earnings per share (EPS) of ($0.11) for the current quarter, Zacks reports. Six analysts have made estimates for Boingo Wireless’ earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.07). Boingo Wireless also posted earnings per share of ($0.11) during the same quarter last year. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Boingo Wireless will report full-year earnings of ($0.57) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.53). For the next financial year, analysts forecast that the business will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.50) to ($0.31). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Boingo Wireless.
Several equities research analysts recently commented on the company. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Roth Capital assumed coverage on Boingo Wireless in a research note on Wednesday, January 17th. They issued a “buy” rating and a $29.00 price target for the company. Zacks Investment Research cut Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Oppenheimer reissued a “buy” rating and issued a $30.00 price target on shares of Boingo Wireless in a research note on Wednesday, November 15th. Finally, Jefferies Group boosted their price target on Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.50.
In related news, CFO Peter Hovenier sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $23.12, for a total value of $578,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,029 shares in the company, valued at approximately $139,390.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Hagan sold 19,833 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $23.00, for a total value of $456,159.00. Following the transaction, the chief executive officer now owns 606,186 shares of the company’s stock, valued at $13,942,278. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,103 shares of company stock valued at $5,053,480. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently modified their holdings of WIFI. Great West Life Assurance Co. Can acquired a new position in shares of Boingo Wireless during the third quarter worth approximately $114,000. Royal Bank of Canada lifted its holdings in shares of Boingo Wireless by 1.3% during the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after buying an additional 135 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Boingo Wireless by 781.9% during the fourth quarter. Advisor Group Inc. now owns 8,078 shares of the technology company’s stock worth $181,000 after buying an additional 7,162 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Boingo Wireless during the fourth quarter worth approximately $203,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Boingo Wireless during the third quarter worth approximately $229,000. Institutional investors own 92.07% of the company’s stock.
Boingo Wireless (WIFI) traded down $0.56 during trading hours on Monday, reaching $25.90. The company’s stock had a trading volume of 568,100 shares, compared to its average volume of 404,499. The stock has a market cap of $1,079.44, a PE ratio of -44.65 and a beta of 0.57. Boingo Wireless has a 52 week low of $10.46 and a 52 week high of $26.93. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09.
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Boingo Wireless Company Profile
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.
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