Equities analysts expect Boingo Wireless (NASDAQ:WIFI) to announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Boingo Wireless’ earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.11). Boingo Wireless reported earnings of ($0.20) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 35%. The firm is scheduled to issue its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Boingo Wireless will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.37). For the next year, analysts expect that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.37) to ($0.20). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Boingo Wireless.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.09. Boingo Wireless had a negative return on equity of 15.98% and a negative net margin of 7.13%. The firm had revenue of $58.20 million for the quarter, compared to analyst estimates of $52.07 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Boingo Wireless’s quarterly revenue was up 31.4% on a year-over-year basis.

Several research firms have weighed in on WIFI. BidaskClub raised Boingo Wireless from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Northland Securities reissued a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 1st. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, March 8th. Jefferies Group upped their target price on Boingo Wireless to $32.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Lake Street Capital reissued a “buy” rating and issued a $30.00 target price (up previously from $26.00) on shares of Boingo Wireless in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.63.

In other news, CEO David Hagan sold 19,833 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $20.34, for a total value of $403,403.22. Following the sale, the chief executive officer now directly owns 684,870 shares in the company, valued at $13,930,255.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Terrell B. Jones sold 12,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $27.19, for a total value of $339,875.00. Following the completion of the sale, the director now owns 45,995 shares in the company, valued at $1,250,604.05. The disclosure for this sale can be found here. Insiders sold 250,499 shares of company stock worth $6,126,226 in the last three months. 3.80% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Boingo Wireless by 781.9% in the fourth quarter. Advisor Group Inc. now owns 8,078 shares of the technology company’s stock valued at $181,000 after acquiring an additional 7,162 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless in the fourth quarter valued at $203,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Boingo Wireless in the first quarter valued at $213,000. Suntrust Banks Inc. purchased a new stake in shares of Boingo Wireless in the fourth quarter valued at $230,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Boingo Wireless in the fourth quarter valued at $278,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Boingo Wireless traded down $0.08, reaching $22.82, on Friday, Marketbeat.com reports. 399,000 shares of the company’s stock were exchanged, compared to its average volume of 424,481. Boingo Wireless has a twelve month low of $14.33 and a twelve month high of $28.34. The firm has a market capitalization of $965.53 million, a PE ratio of -46.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39.

About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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Earnings History and Estimates for Boingo Wireless (NASDAQ:WIFI)

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