Analysts expect that Boingo Wireless Inc (NASDAQ:WIFI) will post earnings per share of ($0.07) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Boingo Wireless’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.12). Boingo Wireless reported earnings of ($0.09) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The firm is scheduled to issue its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Boingo Wireless will report full year earnings of ($0.21) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.10). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.37) to $0.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Boingo Wireless.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.19. Boingo Wireless had a negative net margin of 2.44% and a negative return on equity of 5.51%. The company had revenue of $59.60 million for the quarter, compared to the consensus estimate of $56.52 million. During the same period in the previous year, the firm earned ($0.20) EPS. Boingo Wireless’s revenue was up 21.6% on a year-over-year basis.

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Boingo Wireless from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. BidaskClub upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Roth Capital set a $32.00 price target on shares of Boingo Wireless and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Craig Hallum boosted their price target on shares of Boingo Wireless from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Eight investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Boingo Wireless currently has a consensus rating of “Buy” and an average target price of $34.00.

WIFI stock opened at $34.58 on Friday. Boingo Wireless has a 52 week low of $20.02 and a 52 week high of $35.98. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -70.57 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.43.

In other news, CEO David Hagan sold 19,833 shares of Boingo Wireless stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $23.74, for a total value of $470,835.42. Following the transaction, the chief executive officer now owns 684,870 shares of the company’s stock, valued at approximately $16,258,813.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn Callahan sold 29,953 shares of Boingo Wireless stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $31.47, for a total transaction of $942,620.91. Following the completion of the transaction, the insider now directly owns 4,953 shares in the company, valued at approximately $155,870.91. The disclosure for this sale can be found here. Insiders sold a total of 329,198 shares of company stock worth $9,892,276 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. NJ State Employees Deferred Compensation Plan increased its position in shares of Boingo Wireless by 5.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 42,000 shares of the technology company’s stock worth $949,000 after acquiring an additional 2,000 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Boingo Wireless by 25.1% in the second quarter. First Republic Investment Management Inc. now owns 13,728 shares of the technology company’s stock worth $310,000 after acquiring an additional 2,754 shares in the last quarter. Barclays PLC increased its position in shares of Boingo Wireless by 17.3% in the first quarter. Barclays PLC now owns 18,926 shares of the technology company’s stock worth $469,000 after acquiring an additional 2,795 shares in the last quarter. A.R.T. Advisors LLC increased its position in shares of Boingo Wireless by 11.6% in the first quarter. A.R.T. Advisors LLC now owns 26,934 shares of the technology company’s stock worth $667,000 after acquiring an additional 2,800 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust increased its position in shares of Boingo Wireless by 17.6% in the second quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the technology company’s stock worth $452,000 after acquiring an additional 3,000 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

Boingo Wireless Company Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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

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