Analysts Anticipate Mobileiron Inc (MOBL) to Announce -$0.04 Earnings Per Share

Wall Street brokerages expect Mobileiron Inc (NASDAQ:MOBL) to report earnings per share of ($0.04) for the current quarter, according to Zacks. Two analysts have made estimates for Mobileiron’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.06). Mobileiron posted earnings of ($0.06) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to announce its next earnings report on Thursday, April 25th.

On average, analysts expect that Mobileiron will report full year earnings of $0.01 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.03. For the next year, analysts expect that the firm will report earnings of $0.09 per share, with EPS estimates ranging from $0.08 to $0.11. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Mobileiron.

Mobileiron (NASDAQ:MOBL) last announced its earnings results on Thursday, February 7th. The software maker reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Mobileiron had a negative return on equity of 76.61% and a negative net margin of 22.30%. The firm had revenue of $54.10 million for the quarter, compared to analysts’ expectations of $54.40 million. The business’s revenue for the quarter was up 10.9% on a year-over-year basis.

Several research firms have recently issued reports on MOBL. BidaskClub upgraded Mobileiron from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Zacks Investment Research cut Mobileiron from a “buy” rating to a “hold” rating in a report on Friday, February 8th.

In other news, Director Leslie Stretch bought 11,950 shares of Mobileiron stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $5.01 per share, for a total transaction of $59,869.50. Following the completion of the acquisition, the director now owns 22,228 shares of the company’s stock, valued at $111,362.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of MOBL. Legal & General Group Plc boosted its holdings in Mobileiron by 38.4% in the third quarter. Legal & General Group Plc now owns 2,218,021 shares of the software maker’s stock valued at $11,756,000 after acquiring an additional 615,148 shares during the last quarter. Millennium Management LLC raised its position in Mobileiron by 55.1% in the fourth quarter. Millennium Management LLC now owns 1,350,118 shares of the software maker’s stock valued at $6,197,000 after purchasing an additional 479,706 shares during the period. BlackRock Inc. raised its position in Mobileiron by 9.4% in the third quarter. BlackRock Inc. now owns 5,103,339 shares of the software maker’s stock valued at $27,047,000 after purchasing an additional 437,923 shares during the period. Renaissance Technologies LLC raised its position in Mobileiron by 18.1% in the third quarter. Renaissance Technologies LLC now owns 2,377,500 shares of the software maker’s stock valued at $12,601,000 after purchasing an additional 365,100 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Mobileiron in the fourth quarter valued at about $972,000. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Shares of MOBL stock traded up $0.08 during mid-day trading on Wednesday, hitting $5.75. 353,758 shares of the company’s stock were exchanged, compared to its average volume of 795,199. Mobileiron has a fifty-two week low of $3.98 and a fifty-two week high of $5.71. The stock has a market capitalization of $598.04 million, a price-to-earnings ratio of -13.69 and a beta of 1.76.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally.

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