Brokerages predict that Airgain Inc (NASDAQ:AIRG) will announce earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Airgain’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.04). Airgain reported earnings of $0.10 per share during the same quarter last year, which would indicate a negative year over year growth rate of 150%. The business is expected to announce its next earnings results after the market closes on Thursday, August 9th.
On average, analysts expect that Airgain will report full-year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.05) to $0.00. For the next fiscal year, analysts anticipate that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.14 to $0.30. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Airgain.
A number of research analysts have recently issued reports on AIRG shares. Zacks Investment Research downgraded Airgain from a “hold” rating to a “sell” rating in a report on Friday, May 4th. ValuEngine downgraded Airgain from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, TheStreet upgraded Airgain from a “d+” rating to a “c-” rating in a report on Monday, July 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.
A number of hedge funds have recently made changes to their positions in AIRG. Millennium Management LLC purchased a new position in Airgain during the 4th quarter worth $102,000. UBS Group AG grew its stake in Airgain by 144.6% during the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock worth $195,000 after buying an additional 81,464 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in Airgain during the 1st quarter worth $365,000. Trellus Management Company LLC grew its stake in Airgain by 41.4% during the 1st quarter. Trellus Management Company LLC now owns 70,000 shares of the technology company’s stock worth $542,000 after buying an additional 20,500 shares during the last quarter. Finally, Northpointe Capital LLC purchased a new position in Airgain during the 2nd quarter worth $565,000. Hedge funds and other institutional investors own 30.51% of the company’s stock.
Shares of Airgain opened at $9.05 on Monday, MarketBeat.com reports. Airgain has a 12-month low of $7.31 and a 12-month high of $11.47. The firm has a market capitalization of $87.66 million, a PE ratio of 151.08 and a beta of 2.04.
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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