Boingo Wireless, Inc. (NASDAQ:WIFI) – Analysts at Oppenheimer Holdings reduced their FY2018 EPS estimates for shares of Boingo Wireless in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst T. Horan now anticipates that the technology company will earn ($0.33) per share for the year, down from their prior forecast of ($0.28). Oppenheimer Holdings has a “Buy” rating and a $30.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Boingo Wireless’ FY2019 earnings at ($0.15) EPS.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $53.66 million for the quarter, compared to analyst estimates of $50.22 million. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. Boingo Wireless’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. ILLEGAL ACTIVITY NOTICE: “Boingo Wireless, Inc. Forecasted to Earn FY2018 Earnings of ($0.33) Per Share (WIFI)” was first reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/18/boingo-wireless-inc-forecasted-to-earn-fy2018-earnings-of-0-33-per-share-wifi.html.

WIFI has been the topic of several other research reports. Zacks Investment Research lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Benchmark Co. raised their price target on shares of Boingo Wireless from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group raised their price target on shares of Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Craig Hallum raised their price target on shares of Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Jefferies Group LLC raised their price target on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.04.

Shares of Boingo Wireless (WIFI) opened at $23.85 on Friday. Boingo Wireless has a 12 month low of $10.46 and a 12 month high of $25.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Boingo Wireless by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock valued at $34,860,000 after acquiring an additional 389,195 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Boingo Wireless by 19.0% in the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after acquiring an additional 326,791 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Boingo Wireless by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,995,174 shares of the technology company’s stock valued at $42,638,000 after acquiring an additional 42,749 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Boingo Wireless by 64.1% in the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock valued at $18,538,000 after acquiring an additional 484,061 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in shares of Boingo Wireless by 2.2% in the third quarter. Hood River Capital Management LLC now owns 1,065,768 shares of the technology company’s stock valued at $22,775,000 after acquiring an additional 22,549 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

In other news, VP Tom Tracey sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $20.45, for a total value of $204,500.00. Following the completion of the transaction, the vice president now directly owns 34,868 shares in the company, valued at $713,050.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Derek Peterson sold 50,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $20.80, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 60,496 shares of the company’s stock, valued at $1,258,316.80. The disclosure for this sale can be found here. Insiders sold 138,785 shares of company stock valued at $2,858,766 over the last quarter. Insiders own 7.70% of the company’s stock.

About Boingo Wireless

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.

Earnings History and Estimates for Boingo Wireless (NASDAQ:WIFI)

Receive News & Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.