Analysts Expect Mobileiron Inc (NASDAQ:MOBL) to Post $0.02 EPS

Equities analysts expect Mobileiron Inc (NASDAQ:MOBL) to post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Three analysts have provided estimates for Mobileiron’s earnings, with estimates ranging from $0.01 to $0.03. Mobileiron also reported earnings per share of $0.02 in the same quarter last year. The company is scheduled to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Mobileiron will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.04) to $0.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.08 per share, with EPS estimates ranging from $0.06 to $0.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mobileiron.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Mobileiron had a negative net margin of 22.17% and a negative return on equity of 80.43%. The firm had revenue of $50.87 million during the quarter, compared to analysts’ expectations of $50.66 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year.

Several research firms have commented on MOBL. Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of Mobileiron in a report on Friday. Craig Hallum began coverage on shares of Mobileiron in a report on Wednesday, July 24th. They set a “buy” rating and a $11.00 price target for the company. Zacks Investment Research upgraded shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. BidaskClub upgraded shares of Mobileiron from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded shares of Mobileiron from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.58.

In other Mobileiron news, insider Simon Biddiscombe sold 52,496 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $6.29, for a total transaction of $330,199.84. Following the completion of the transaction, the insider now owns 1,319,105 shares in the company, valued at approximately $8,297,170.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sohail M. Parekh sold 25,449 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $5.99, for a total transaction of $152,439.51. Following the sale, the vice president now owns 557,080 shares of the company’s stock, valued at approximately $3,336,909.20. The disclosure for this sale can be found here. Insiders have sold a total of 123,034 shares of company stock valued at $764,446 in the last quarter. 13.48% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Aperio Group LLC purchased a new stake in shares of Mobileiron during the 2nd quarter worth approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mobileiron by 519.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock worth $50,000 after purchasing an additional 6,785 shares during the period. Quantamental Technologies LLC grew its stake in shares of Mobileiron by 78.7% during the 1st quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock worth $46,000 after purchasing an additional 3,700 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Mobileiron during the 1st quarter worth $57,000. Finally, Amalgamated Bank acquired a new position in shares of Mobileiron during the 4th quarter worth $50,000. Institutional investors and hedge funds own 57.74% of the company’s stock.

NASDAQ MOBL traded up $0.17 on Friday, hitting $7.06. 28,722 shares of the stock were exchanged, compared to its average volume of 692,764. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24. Mobileiron has a fifty-two week low of $3.98 and a fifty-two week high of $7.10. The firm has a market cap of $754.53 million, a P/E ratio of -16.81 and a beta of 1.70. The firm has a 50-day simple moving average of $6.24.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides 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 worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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