Brokerages Anticipate Airgain Inc (AIRG) Will Post Earnings of $0.04 Per Share

Equities research analysts expect Airgain Inc (NASDAQ:AIRG) to post $0.04 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Airgain’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.05. Airgain reported earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, November 1st.

According to Zacks, 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 forecast that the firm will post earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Airgain.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. Airgain had a negative net margin of 6.48% and a negative return on equity of 7.47%. The business had revenue of $15.00 million for the quarter, compared to analysts’ expectations of $14.02 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis.

Several equities research analysts recently commented on the stock. TheStreet lowered shares of Airgain from a “c” rating to a “d+” rating in a research report on Wednesday, August 8th. William Blair assumed coverage on shares of Airgain in a research report on Friday, August 10th. They issued an “outperform” rating on the stock. B. Riley upgraded shares of 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. Finally, ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.67.

A number of institutional investors and hedge funds have recently bought and sold shares of AIRG. UBS Group AG increased its position in Airgain by 144.6% during the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock worth $195,000 after purchasing an additional 81,464 shares in the last quarter. Northpointe Capital LLC acquired a new stake in Airgain during the 2nd quarter worth approximately $565,000. Blair William & Co. IL grew its position in Airgain by 8.3% in the first quarter. Blair William & Co. IL now owns 499,346 shares of the technology company’s stock valued at $3,865,000 after acquiring an additional 38,092 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Airgain in the second quarter valued at approximately $138,000. Finally, Manatuck Hill Partners LLC acquired a new stake in Airgain in the second quarter valued at approximately $116,000. 29.77% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AIRG traded up $0.09 on Friday, reaching $13.05. 1,015 shares of the company were exchanged, compared to its average volume of 58,230. Airgain has a 1-year low of $7.31 and a 1-year high of $13.87. The stock has a market cap of $129.98 million, a PE ratio of 118.64 and a beta of 2.20.

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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