Brokerages predict that Airgain Inc (NASDAQ:AIRG) will announce earnings per share (EPS) of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Airgain’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.05. Airgain posted earnings of $0.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The business is scheduled to report its next earnings report 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 expect that the firm will report earnings of $0.24 per share, with EPS estimates ranging from $0.17 to $0.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Airgain.

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

Several brokerages have issued reports on AIRG. TheStreet raised Airgain from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. ValuEngine raised Airgain from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. B. Riley raised Airgain from a “neutral” rating to a “buy” rating and boosted their price target for the company from $8.50 to $13.00 in a research note on Friday, August 10th. Finally, William Blair reissued an “outperform” rating on shares of Airgain in a research note on Friday, August 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.67.

AIRG traded up $0.10 during trading on Friday, hitting $12.62. The company’s stock had a trading volume of 43,198 shares, compared to its average volume of 58,635. Airgain has a twelve month low of $7.31 and a twelve month high of $13.87. The firm has a market cap of $129.98 million, a PE ratio of 114.73 and a beta of 2.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC bought a new stake in shares of Airgain during the second quarter valued at approximately $116,000. Dimensional Fund Advisors LP bought a new stake in shares of Airgain during the second quarter valued at approximately $138,000. UBS Group AG increased its holdings in shares of Airgain by 144.6% during the first 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 bought a new stake in shares of Airgain during the second quarter valued at approximately $565,000. Finally, Worth Venture Partners LLC increased its holdings in shares of Airgain by 13.2% during the first quarter. Worth Venture Partners LLC now owns 76,969 shares of the technology company’s stock valued at $596,000 after acquiring an additional 8,987 shares in the last quarter. Hedge funds and other institutional investors own 29.77% of the company’s stock.

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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