Equities research analysts expect that Airgain Inc (NASDAQ:AIRG) will report earnings per share of $0.08 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Airgain’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Airgain reported earnings of $0.10 per share in the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Airgain will report full year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.13. For the next financial year, analysts expect that the company will post earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Airgain.
Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Airgain had a negative net margin of 5.74% and a negative return on equity of 7.35%. The company had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.70 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. Airgain’s quarterly revenue was up 27.4% on a year-over-year basis.
AIRG has been the topic of several research analyst reports. Cowen boosted their price target on shares of Airgain from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and boosted their price target for the company from $8.50 to $13.00 in a research report on Friday, August 10th. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. William Blair reiterated an “outperform” rating on shares of Airgain in a research report on Friday, August 17th. Finally, TheStreet upgraded shares of Airgain from a “d+” rating to a “c” rating in a research report on Monday, September 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.00.
A number of large investors have recently bought and sold shares of AIRG. UBS Group AG boosted its stake in Airgain by 144.6% during the first quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock worth $195,000 after acquiring an additional 81,464 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Airgain during the second quarter worth about $138,000. Manatuck Hill Partners LLC bought a new stake in Airgain during the second quarter worth about $116,000. Perkins Capital Management Inc. bought a new stake in Airgain during the third quarter worth about $822,000. Finally, Northpointe Capital LLC boosted its stake in Airgain by 332.7% during the third quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock worth $3,495,000 after acquiring an additional 204,487 shares in the last quarter. 32.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ AIRG traded down $0.76 during midday trading on Friday, hitting $10.99. 25,200 shares of the company traded hands, compared to its average volume of 55,772. Airgain has a 12-month low of $7.40 and a 12-month high of $14.17. The stock has a market capitalization of $117.99 million, a P/E ratio of 102.18 and a beta of 1.54.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers 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.
See Also: Compound Annual Growth Rate (CAGR)
Get a free copy of the Zacks research report on Airgain (AIRG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.