Zacks: Analysts Anticipate Airgain Inc (AIRG) to Announce $0.04 EPS

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Equities research analysts expect that Airgain Inc (NASDAQ:AIRG) will post earnings per share of $0.04 for the current fiscal quarter, Zacks reports. Three analysts have issued 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 of $0.05 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The firm 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 anticipate that the firm will report earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.28. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Airgain.

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

Several research firms recently weighed in on AIRG. TheStreet upgraded shares of Airgain from a “d+” rating to a “c” rating in a report on Monday, September 17th. William Blair restated an “outperform” rating on shares of Airgain in a report on Friday, August 17th. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and lifted their target price for the company from $8.50 to $13.00 in a report on Friday, August 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $12.67.

Large investors have recently bought and sold shares of the stock. Manatuck Hill Partners LLC acquired a new position in shares of Airgain during the 2nd quarter valued at $116,000. Dimensional Fund Advisors LP acquired a new position in shares of Airgain during the 2nd quarter valued at $138,000. UBS Group AG lifted its holdings in shares of Airgain by 144.6% during the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after acquiring an additional 81,464 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of Airgain during the 2nd quarter valued at $565,000. Finally, Worth Venture Partners LLC lifted its holdings in Airgain by 13.2% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 29.77% of the company’s stock.

Shares of NASDAQ:AIRG traded up $0.10 during midday trading on Friday, hitting $12.62. 43,198 shares of the company’s stock traded hands, compared to its average volume of 58,635. The firm has a market capitalization of $129.98 million, a price-to-earnings ratio of 114.73 and a beta of 2.20. Airgain has a twelve month low of $7.31 and a twelve month 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.

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