Airgain Inc (AIRG) Expected to Announce Earnings of -$0.05 Per Share

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.

In related news, VP Jacob Suen purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were acquired at an average cost of $8.20 per share, for a total transaction of $82,000.00. Following the acquisition, the vice president now owns 20,000 shares of the company’s stock, valued at approximately $164,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 20.40% of the company’s stock.

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.

About Airgain

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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