Wall Street brokerages expect that Airgain Inc (NASDAQ:AIRG) will report sales of $16.45 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Airgain’s earnings. The highest sales estimate is $16.50 million and the lowest is $16.40 million. Airgain reported sales of $12.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.4%. The firm is expected to report its next earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Airgain will report full-year sales of $60.54 million for the current year, with estimates ranging from $60.50 million to $60.60 million. For the next fiscal year, analysts anticipate that the company will post sales of $67.54 million, with estimates ranging from $66.22 million to $68.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Airgain.
Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.70 million. Airgain had a negative net margin of 5.74% and a negative return on equity of 7.35%. The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share.
Several institutional investors have recently modified their holdings of AIRG. Manatuck Hill Partners LLC bought a new stake in shares of Airgain in the second quarter worth $116,000. Gagnon Securities LLC bought a new stake in shares of Airgain in the third quarter worth $117,000. Dimensional Fund Advisors LP bought a new stake in shares of Airgain in the second quarter worth $138,000. UBS Group AG grew its stake in shares of Airgain by 144.6% in the first quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock worth $195,000 after purchasing an additional 81,464 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Airgain by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock worth $680,000 after purchasing an additional 17,238 shares during the last quarter. 30.89% of the stock is currently owned by institutional investors.
NASDAQ AIRG opened at $12.16 on Friday. The firm has a market cap of $126.11 million, a price-to-earnings ratio of 110.55 and a beta of 1.58. Airgain has a fifty-two week low of $7.40 and a fifty-two week high of $14.17.
Airgain Company Profile
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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