Wall Street analysts expect Airgain Inc (NASDAQ:AIRG) to announce $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Airgain’s earnings. Airgain reported earnings of $0.17 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 76.5%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 20th.

On average, analysts expect that Airgain will report full-year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.30. For the next financial year, analysts forecast that the business will post earnings of $0.19 per share, with EPS estimates ranging from $0.16 to $0.21. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Airgain.

AIRG has been the subject of several recent research reports. Zacks Investment Research lowered shares of Airgain from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. B. Riley reissued a “hold” rating and issued a $11.50 price objective on shares of Airgain in a research report on Tuesday, January 14th. William Blair lowered shares of Airgain from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 26th. ValuEngine lowered shares of Airgain from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Cowen dropped their price objective on shares of Airgain from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Airgain has an average rating of “Hold” and a consensus target price of $14.13.

Shares of Airgain stock traded up $0.18 during trading hours on Friday, hitting $8.96. The company’s stock had a trading volume of 63,656 shares, compared to its average volume of 49,165. Airgain has a 1-year low of $8.28 and a 1-year high of $17.25. The business has a fifty day moving average of $9.87 and a 200 day moving average of $10.76. The company has a market capitalization of $86.89 million, a PE ratio of 40.73 and a beta of 1.91.

Several institutional investors have recently added to or reduced their stakes in AIRG. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Airgain in the fourth quarter worth $116,000. Russell Investments Group Ltd. acquired a new stake in Airgain during the 3rd quarter valued at $121,000. Millennium Management LLC acquired a new stake in Airgain during the 3rd quarter valued at $128,000. Squarepoint Ops LLC acquired a new stake in Airgain during the 3rd quarter valued at $139,000. Finally, Wells Fargo & Company MN grew its holdings in Airgain by 366.4% during the 2nd quarter. Wells Fargo & Company MN now owns 10,532 shares of the technology company’s stock valued at $148,000 after purchasing an additional 8,274 shares in the last quarter. 50.83% of the stock is owned by institutional investors.

About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors 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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