Equities research analysts predict that Airgain Inc (NASDAQ:AIRG) will announce earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Airgain’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. Airgain posted earnings of $0.10 per share during the same quarter last year, which indicates a negative year over year growth rate of 20%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Airgain will report full-year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.13. For the next year, analysts forecast that the company will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Airgain.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Airgain had a negative return on equity of 7.35% and a negative net margin of 5.74%. The company had revenue of $15.80 million during the quarter, compared to analysts’ expectations of $15.70 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year.

AIRG has been the subject of several research analyst reports. TheStreet cut Airgain from a “c” rating to a “d+” rating in a research report on Wednesday, August 8th. William Blair initiated coverage on Airgain in a research report on Friday, August 10th. They set an “outperform” rating for the company. B. Riley raised Airgain from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $8.50 to $13.00 in a research report on Friday, August 10th. ValuEngine raised Airgain from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $14.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gagnon Securities LLC acquired a new position in shares of Airgain during the 3rd quarter worth about $117,000. Trellus Management Company LLC lifted its position in shares of Airgain by 14.3% during the 2nd quarter. Trellus Management Company LLC now owns 80,000 shares of the technology company’s stock worth $735,000 after purchasing an additional 10,000 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Airgain during the 2nd quarter worth about $116,000. Dimensional Fund Advisors LP acquired a new position in shares of Airgain during the 2nd quarter worth about $138,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Airgain by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock worth $680,000 after purchasing an additional 17,238 shares during the last quarter. 28.89% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:AIRG traded down $0.01 on Wednesday, reaching $13.09. The company had a trading volume of 48,200 shares, compared to its average volume of 57,281. Airgain has a twelve month low of $7.40 and a twelve month high of $14.17. The stock has a market capitalization of $124.43 million, a P/E ratio of 119.00 and a beta of 1.58.

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.

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