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