Quantenna Communications Inc (QTNA) Expected to Post Earnings of $0.14 Per Share

Brokerages expect Quantenna Communications Inc (NASDAQ:QTNA) to report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Quantenna Communications’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Quantenna Communications reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The business is scheduled to report its next quarterly earnings results on Monday, April 29th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last issued its earnings results on Monday, February 4th. The technology company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $62.60 million for the quarter, compared to analysts’ expectations of $62.00 million. Quantenna Communications had a return on equity of 6.77% and a net margin of 1.40%. The business’s revenue for the quarter was up 51.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. BidaskClub upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Barclays cut shares of Quantenna Communications from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 17th. Finally, TheStreet cut shares of Quantenna Communications from a “c-” rating to a “d+” rating in a report on Monday, December 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Quantenna Communications has an average rating of “Buy” and a consensus target price of $19.60.

In other Quantenna Communications news, CEO Sam Heidari sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the chief executive officer now directly owns 206,028 shares in the company, valued at approximately $3,090,420. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David William Carroll sold 6,317 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $14.96, for a total transaction of $94,502.32. Following the transaction, the senior vice president now owns 68,593 shares in the company, valued at $1,026,151.28. The disclosure for this sale can be found here. Insiders sold 125,099 shares of company stock valued at $1,866,676 over the last 90 days. 13.49% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in shares of Quantenna Communications during the 4th quarter worth approximately $69,000. Horrell Capital Management Inc. boosted its position in Quantenna Communications by 568.7% during the fourth quarter. Horrell Capital Management Inc. now owns 5,015 shares of the technology company’s stock worth $72,000 after purchasing an additional 4,265 shares during the period. PNC Financial Services Group Inc. boosted its position in Quantenna Communications by 105.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,542 shares of the technology company’s stock worth $79,000 after purchasing an additional 2,845 shares during the period. Meeder Asset Management Inc. boosted its position in Quantenna Communications by 11,611.4% during the fourth quarter. Meeder Asset Management Inc. now owns 12,297 shares of the technology company’s stock worth $177,000 after purchasing an additional 12,192 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in shares of Quantenna Communications during the second quarter worth $192,000. Hedge funds and other institutional investors own 63.14% of the company’s stock.

Shares of QTNA stock traded up $0.19 during trading on Friday, hitting $17.87. 5,271 shares of the stock traded hands, compared to its average volume of 496,828. The firm has a market cap of $660.17 million, a PE ratio of 221.94, a PEG ratio of 2.19 and a beta of 0.87. Quantenna Communications has a 52-week low of $12.48 and a 52-week high of $19.41.

Quantenna Communications Company Profile

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

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