Analysts forecast that Airgain, Inc. (NASDAQ:AIRG) will post sales of $13.00 million for the current quarter, according to Zacks. Two analysts have issued estimates for Airgain’s earnings, with the lowest sales estimate coming in at $12.90 million and the highest estimate coming in at $13.10 million. Airgain posted sales of $9.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 31.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, September 19th.

On average, analysts expect that Airgain will report full-year sales of $13.00 million for the current year, with estimates ranging from $55.10 million to $56.60 million. For the next fiscal year, analysts expect that the business will post sales of $67.80 million per share, with estimates ranging from $65.30 million to $70.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Airgain.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $11.25 million for the quarter, compared to the consensus estimate of $9.98 million. Airgain had a net margin of 8.62% and a return on equity of 24.84%. The business’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) EPS.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Airgain from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, June 8th. Cowen and Company reiterated an “outperform” rating and issued a $22.00 target price on shares of Airgain in a research report on Wednesday, April 12th. Six research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $18.90.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/analysts-anticipate-airgain-inc-airg-will-announce-quarterly-sales-of-13-00-million/1440816.html.

Shares of Airgain (NASDAQ:AIRG) traded down 1.51% during mid-day trading on Friday, hitting $13.67. 88,357 shares of the stock were exchanged. The stock’s 50 day moving average is $14.11 and its 200-day moving average is $14.68. Airgain has a 12 month low of $9.76 and a 12 month high of $29.30. The stock has a market cap of $130.14 million and a PE ratio of 34.26.

In related news, Director Thomas A. Munro sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $14.61, for a total value of $321,420.00. Following the sale, the director now owns 4,000 shares in the company, valued at $58,440. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of AIRG. Hood River Capital Management LLC raised its stake in shares of Airgain by 1.9% in the first quarter. Hood River Capital Management LLC now owns 356,435 shares of the technology company’s stock worth $5,404,000 after buying an additional 6,615 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Airgain during the fourth quarter worth approximately $144,000. Sigma Planning Corp raised its stake in shares of Airgain by 41.9% in the first quarter. Sigma Planning Corp now owns 34,697 shares of the technology company’s stock worth $526,000 after buying an additional 10,250 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after buying an additional 10,851 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock worth $379,000 after buying an additional 13,918 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Airgain Company Profile

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

Get a free copy of the Zacks research report on Airgain (AIRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Airgain Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.