Wall Street brokerages predict that Airgain Inc (NASDAQ:AIRG) will post earnings per share (EPS) of $0.04 for the current quarter, according to Zacks. Three analysts have provided estimates for Airgain’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.05. Airgain reported earnings of $0.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, November 1st.

On average, analysts expect that Airgain will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.08. For the next year, analysts expect that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.28. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Airgain.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $15.00 million for the quarter, compared to analyst estimates of $14.02 million. Airgain had a negative return on equity of 7.47% and a negative net margin of 6.48%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share.

AIRG has been the topic of several recent analyst reports. TheStreet upgraded Airgain from a “d+” rating to a “c” rating in a research report on Monday, September 17th. William Blair reiterated an “outperform” rating on shares of Airgain in a research report on Friday, August 17th. ValuEngine upgraded Airgain from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Finally, B. Riley upgraded Airgain from a “neutral” rating to a “buy” rating and increased their target price for the stock from $8.50 to $13.00 in a research report on Friday, August 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. Manatuck Hill Partners LLC purchased a new position in Airgain during the second quarter worth about $116,000. Dimensional Fund Advisors LP purchased a new position in Airgain during the second quarter worth about $138,000. UBS Group AG lifted its position 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 buying an additional 81,464 shares during the period. Northpointe Capital LLC purchased a new position in Airgain during the second quarter worth about $565,000. Finally, Worth Venture Partners LLC lifted its position in Airgain by 13.2% during the first quarter. Worth Venture Partners LLC now owns 76,969 shares of the technology company’s stock worth $596,000 after buying an additional 8,987 shares during the period. Hedge funds and other institutional investors own 29.77% of the company’s stock.

Shares of AIRG traded down $0.35 during trading hours on Friday, reaching $12.55. 14,321 shares of the company traded hands, compared to its average volume of 33,600. The firm has a market cap of $127.61 million, a P/E ratio of 114.09 and a beta of 2.22. Airgain has a fifty-two week low of $7.31 and a fifty-two week high of $13.87.

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.

Recommended Story: How to use beta for portfolio diversification

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.