Zacks: Analysts Anticipate Airgain Inc (AIRG) Will Announce Quarterly Sales of $12.63 Million

Analysts forecast that Airgain Inc (NASDAQ:AIRG) will post $12.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Airgain’s earnings. The lowest sales estimate is $12.50 million and the highest is $12.90 million. Airgain also reported sales of $12.63 million during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Airgain will report full year sales of $12.63 million for the current financial year, with estimates ranging from $49.20 million to $49.60 million. For the next fiscal year, analysts forecast that the company will post sales of $58.83 million per share, with estimates ranging from $58.40 million to $59.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Airgain.

A number of research firms recently commented on AIRG. Zacks Investment Research raised shares of Airgain from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. Northland Securities reissued a “buy” rating and set a $15.00 target price on shares of Airgain in a research report on Friday, November 10th. Finally, B. Riley decreased their target price on shares of Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.10.

Shares of Airgain (NASDAQ AIRG) opened at $9.27 on Friday. Airgain has a 52-week low of $7.31 and a 52-week high of $18.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02. The company has a market cap of $88.79, a P/E ratio of 33.11 and a beta of 1.83.

In related news, Director Arthur M. Toscanini sold 8,023 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.34, for a total transaction of $74,934.82. Following the completion of the sale, the director now owns 71,587 shares of the company’s stock, valued at $668,622.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Hood River Capital Management LLC lifted its position in Airgain by 16.4% during the second quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after acquiring an additional 58,444 shares during the last quarter. Cortina Asset Management LLC purchased a new position in shares of Airgain in the third quarter worth $3,317,000. Manatuck Hill Partners LLC raised its holdings in shares of Airgain by 4.0% in the second quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock worth $4,424,000 after buying an additional 12,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Airgain by 14.7% in the second quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock worth $3,601,000 after buying an additional 32,587 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Airgain by 32.6% in the third quarter. Bank of New York Mellon Corp now owns 241,690 shares of the technology company’s stock worth $2,196,000 after buying an additional 59,481 shares during the last quarter. 24.50% of the stock is owned by institutional investors.

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About Airgain

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

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