Airgain (NASDAQ:AIRG) Releases Earnings Results, Beats Estimates By $0.11 EPS

Airgain (NASDAQ:AIRG) posted its quarterly earnings results on Thursday. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11, Briefing.com reports. Airgain had a return on equity of 5.94% and a net margin of 4.38%. The company had revenue of $13.10 million during the quarter, compared to analysts’ expectations of $12.83 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Airgain’s revenue was down 17.1% on a year-over-year basis. Airgain updated its Q4 guidance to $0.04-$0.05 EPS.

Shares of Airgain stock traded up $0.18 during trading on Friday, reaching $11.40. 66,500 shares of the company’s stock were exchanged, compared to its average volume of 92,887. Airgain has a 1-year low of $8.81 and a 1-year high of $17.25. The firm’s 50-day moving average price is $11.18 and its 200 day moving average price is $12.85. The company has a market cap of $111.68 million, a P/E ratio of -42.22 and a beta of 1.98.

AIRG has been the subject of a number of research analyst reports. ValuEngine raised Airgain from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Zacks Investment Research cut Airgain from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Cowen lowered their price target on Airgain from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Airgain currently has a consensus rating of “Buy” and an average target price of $16.75.

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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Earnings History for Airgain (NASDAQ:AIRG)

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