Zacks: Analysts Anticipate Airgain Inc (AIRG) Will Post Earnings of $0.08 Per Share

Wall Street brokerages expect Airgain Inc (NASDAQ:AIRG) to announce earnings of $0.08 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Airgain’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Airgain reported earnings per share of $0.10 during the same quarter last year, which indicates a negative year over year growth rate of 20%. The company is expected to announce its next earnings results after the market closes on Thursday, February 14th.

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 anticipate that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Airgain.

Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.70 million. During the same period last year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis.

A number of research analysts have recently weighed in on AIRG shares. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, October 31st. Cowen lifted their price objective on Airgain from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $13.25.

Shares of AIRG stock traded up $0.09 during trading hours on Tuesday, reaching $11.59. 41,137 shares of the company traded hands, compared to its average volume of 28,568. Airgain has a 12-month low of $7.40 and a 12-month high of $14.17.

Several hedge funds have recently bought and sold shares of AIRG. Worth Venture Partners LLC raised its stake in Airgain by 24.7% during the 3rd quarter. Worth Venture Partners LLC now owns 106,815 shares of the technology company’s stock valued at $1,404,000 after purchasing an additional 21,171 shares during the period. JPMorgan Chase & Co. raised its stake in Airgain by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after purchasing an additional 17,238 shares during the period. Northpointe Capital LLC raised its stake in Airgain by 332.7% during the 3rd quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock valued at $3,495,000 after purchasing an additional 204,487 shares during the period. Perkins Capital Management Inc. bought a new stake in Airgain during the 3rd quarter valued at approximately $822,000. Finally, Blair William & Co. IL raised its stake in Airgain by 8.2% during the 3rd quarter. Blair William & Co. IL now owns 613,383 shares of the technology company’s stock valued at $8,060,000 after purchasing an additional 46,375 shares during the period. 32.34% of the stock is currently owned by hedge funds and other institutional investors.

Airgain Company Profile

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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