Equities research analysts predict that Airgain, Inc. (NASDAQ:AIRG) will announce earnings of $0.03 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Airgain’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.03. Airgain reported earnings per share of ($0.05) in the same quarter last year, which suggests a positive year-over-year growth rate of 160%. The business is expected to announce its next quarterly earnings report on Thursday, May 6th.
On average, analysts expect that Airgain will report full year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.23 to $0.37. For the next financial year, analysts anticipate that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.51 to $0.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Airgain.
Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, February 17th. The technology company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $12.83 million during the quarter, compared to the consensus estimate of $12.81 million. Airgain had a negative return on equity of 4.50% and a negative net margin of 4.39%.
A number of equities analysts have recently commented on AIRG shares. B. Riley lifted their price objective on Airgain from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Northland Securities downgraded Airgain from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a research report on Friday, January 29th. Zacks Investment Research downgraded Airgain from a “buy” rating to a “hold” rating in a research report on Thursday, February 25th. Cowen lifted their target price on Airgain from $21.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 19th. Finally, Roth Capital lifted their target price on Airgain from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.40.
Shares of Airgain stock traded down $0.07 during trading on Friday, reaching $21.85. The company’s stock had a trading volume of 680 shares, compared to its average volume of 223,510. The business’s fifty day moving average price is $22.79 and its 200-day moving average price is $17.95. The firm has a market cap of $226.19 million, a price-to-earnings ratio of -99.64 and a beta of 1.31. Airgain has a one year low of $6.50 and a one year high of $29.50.
In other news, VP Kevin Thill sold 64,436 shares of the business’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $23.35, for a total value of $1,504,580.60. Following the transaction, the vice president now directly owns 69,499 shares of the company’s stock, valued at approximately $1,622,801.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Morad Sbahi bought 3,000 shares of Airgain stock in a transaction dated Wednesday, March 10th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $63,690.00. The disclosure for this purchase can be found here. 10.30% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in AIRG. JPMorgan Chase & Co. grew its holdings in shares of Airgain by 180.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,850 shares of the technology company’s stock valued at $68,000 after buying an additional 2,479 shares during the period. Perkins Capital Management Inc. boosted its stake in shares of Airgain by 14.8% during the 4th quarter. Perkins Capital Management Inc. now owns 15,500 shares of the technology company’s stock worth $276,000 after buying an additional 2,000 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Airgain during the 3rd quarter worth about $286,000. GSA Capital Partners LLP raised its holdings in shares of Airgain by 21.2% in the 4th quarter. GSA Capital Partners LLP now owns 17,479 shares of the technology company’s stock valued at $311,000 after purchasing an additional 3,059 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Airgain in the 4th quarter valued at about $327,000. 47.60% of the stock is owned by institutional investors.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value-added resellers and distributors worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.
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