Equities analysts expect Boingo Wireless Inc (NASDAQ:WIFI) to post $68.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Boingo Wireless’ earnings, with the highest sales estimate coming in at $69.50 million and the lowest estimate coming in at $67.16 million. Boingo Wireless reported sales of $59.60 million during the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The company is expected to issue its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Boingo Wireless will report full year sales of $277.75 million for the current financial year, with estimates ranging from $275.38 million to $280.50 million. For the next financial year, analysts anticipate that the firm will post sales of $307.73 million, with estimates ranging from $304.30 million to $311.77 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Boingo Wireless.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Boingo Wireless had a negative return on equity of 2.82% and a negative net margin of 1.21%. The firm had revenue of $66.47 million for the quarter, compared to analyst estimates of $65.74 million.

A number of research firms have commented on WIFI. ValuEngine cut Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Oppenheimer decreased their price target on Boingo Wireless from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Northland Securities began coverage on Boingo Wireless in a research note on Monday, April 22nd. They set a “buy” rating and a $30.00 price target on the stock. BidaskClub cut Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, Roth Capital restated a “buy” rating on shares of Boingo Wireless in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $32.67.

NASDAQ:WIFI traded up $0.40 during trading hours on Friday, reaching $19.00. 313,972 shares of the stock were exchanged, compared to its average volume of 506,894. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.89. Boingo Wireless has a twelve month low of $17.14 and a twelve month high of $35.98. The stock has a market capitalization of $835.81 million, a price-to-earnings ratio of -633.33 and a beta of 1.18.

In other news, insider Derek Peterson sold 11,628 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $21.77, for a total transaction of $253,141.56. Following the sale, the insider now owns 57,447 shares of the company’s stock, valued at $1,250,621.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Hagan sold 29,364 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $25.36, for a total value of $744,671.04. Following the sale, the director now directly owns 1,103,375 shares in the company, valued at approximately $27,981,590. The disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock worth $1,477,463 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of WIFI. Macquarie Group Ltd. increased its position in shares of Boingo Wireless by 75.6% during the fourth quarter. Macquarie Group Ltd. now owns 2,067 shares of the technology company’s stock worth $42,000 after acquiring an additional 890 shares during the period. Fifth Third Bancorp increased its holdings in Boingo Wireless by 101.3% in the first quarter. Fifth Third Bancorp now owns 1,922 shares of the technology company’s stock valued at $45,000 after buying an additional 967 shares during the last quarter. Lindbrook Capital LLC purchased a new position in Boingo Wireless in the first quarter valued at $96,000. Legal & General Group Plc increased its holdings in Boingo Wireless by 13.7% in the fourth quarter. Legal & General Group Plc now owns 7,297 shares of the technology company’s stock valued at $150,000 after buying an additional 882 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Boingo Wireless in the first quarter valued at $169,000.

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 worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

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

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