Brokerages Expect Airgain Inc (AIRG) to Post $0.08 EPS

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.

About Airgain

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)

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