Wall Street brokerages predict that Quantenna Communications Inc (NASDAQ:QTNA) will announce $0.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Quantenna Communications’ earnings, with estimates ranging from $0.16 to $0.20. Quantenna Communications posted earnings of $0.12 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is expected to announce its next quarterly earnings results on Monday, July 29th.

Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Quantenna Communications had a net margin of 2.24% and a return on equity of 6.86%. The business had revenue of $57.68 million during the quarter, compared to analysts’ expectations of $57.49 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue was up 27.8% on a year-over-year basis.

A number of brokerages have commented on QTNA. Zacks Investment Research raised shares of Quantenna Communications from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, January 30th. BidaskClub cut shares of Quantenna Communications from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 30th. Stifel Nicolaus cut shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research note on Thursday, March 28th. Northland Securities lowered shares of Quantenna Communications to a “market perform” rating in a report on Friday. Finally, Morgan Stanley lowered shares of Quantenna Communications from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $24.50 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Quantenna Communications has an average rating of “Hold” and an average price target of $21.52.

In other news, Chairman Sam Heidari sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $20.75, for a total value of $726,250.00. Following the completion of the sale, the chairman now owns 340,536 shares in the company, valued at approximately $7,066,122. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 59,147 shares of company stock valued at $1,186,756 in the last 90 days. Company insiders own 13.49% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Quantenna Communications during the 1st quarter valued at about $43,000. Acadian Asset Management LLC bought a new stake in Quantenna Communications during the 1st quarter valued at about $59,000. Quantamental Technologies LLC bought a new stake in Quantenna Communications during the 4th quarter valued at about $69,000. Horrell Capital Management Inc. lifted its holdings in Quantenna Communications by 568.7% during the 4th quarter. Horrell Capital Management Inc. now owns 5,015 shares of the technology company’s stock valued at $72,000 after buying an additional 4,265 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Quantenna Communications by 105.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,542 shares of the technology company’s stock valued at $79,000 after buying an additional 2,845 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Shares of NASDAQ:QTNA opened at $24.16 on Friday. Quantenna Communications has a 52 week low of $13.03 and a 52 week high of $24.48. The firm has a market capitalization of $933.23 million, a price-to-earnings ratio of 302.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.02.

About Quantenna Communications

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. Its solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and the draft Wi-Fi 6 standard.

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Earnings History and Estimates for Quantenna Communications (NASDAQ:QTNA)

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