Airgain (NASDAQ:AIRG) Releases Q4 Earnings Guidance

Airgain (NASDAQ:AIRG) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.04-$0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $13.0-$13.5 million, compared to the consensus revenue estimate of $14.20 million.

Several equities analysts have recently weighed in on the company. Cowen restated an outperform rating and issued a $14.00 price objective (down previously from $16.00) on shares of Airgain in a report on Friday, August 9th. Zacks Investment Research cut Airgain from a buy rating to a hold rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded Airgain from a hold rating to a buy rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $17.25.

Airgain stock traded up $0.04 during midday trading on Thursday, reaching $11.22. 61,000 shares of the company’s stock were exchanged, compared to its average volume of 93,009. Airgain has a 52 week low of $8.81 and a 52 week high of $17.25. The firm has a market cap of $110.07 million, a price-to-earnings ratio of -41.56 and a beta of 1.98. The stock’s 50-day simple moving average is $11.20 and its 200 day simple moving average is $12.87.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. Airgain had a return on equity of 5.94% and a net margin of 4.38%. The business had revenue of $14.50 million during the quarter, compared to analysts’ expectations of $14.30 million. During the same quarter last year, the company posted $0.02 earnings per share. Airgain’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Airgain will post 0.04 earnings per share for the current year.

Airgain Company Profile

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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