Brokerages expect Quantenna Communications Inc (NASDAQ:QTNA) to report $43.88 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Quantenna Communications’ earnings. The lowest sales estimate is $43.60 million and the highest is $44.05 million. Quantenna Communications reported sales of $37.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.8%. The business is expected to report its next earnings report on Monday, May 14th.

On average, analysts expect that Quantenna Communications will report full year sales of $43.88 million for the current fiscal year, with estimates ranging from $210.00 million to $216.60 million. For the next year, analysts forecast that the firm will post sales of $261.28 million per share, with estimates ranging from $255.00 million to $266.31 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Quantenna Communications.

How to Become a New Pot Stock Millionaire

Quantenna Communications (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.11. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The business had revenue of $41.30 million for the quarter, compared to analyst estimates of $41.00 million. During the same quarter in the prior year, the business posted $0.03 EPS. Quantenna Communications’s revenue for the quarter was up 10.1% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub lowered shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Quantenna Communications in a research note on Tuesday, February 13th. Finally, Northland Securities assumed coverage on shares of Quantenna Communications in a research note on Thursday, March 8th. They issued an “outperform” rating and a $18.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Quantenna Communications has a consensus rating of “Hold” and an average target price of $19.60.

Quantenna Communications (NASDAQ QTNA) opened at $13.97 on Friday. The stock has a market cap of $528.97, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.82. Quantenna Communications has a 52 week low of $9.60 and a 52 week high of $22.50.

In other news, SVP David William Carroll sold 3,868 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $14.01, for a total value of $54,190.68. Following the sale, the senior vice president now owns 42,988 shares in the company, valued at $602,261.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 12,695 shares of company stock worth $177,796 in the last quarter. Company insiders own 22.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Quantenna Communications by 4.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 81,828 shares of the technology company’s stock worth $999,000 after buying an additional 3,744 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Quantenna Communications by 28.9% during the third quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock valued at $719,000 after purchasing an additional 9,589 shares in the last quarter. RK Capital Management LLC lifted its holdings in Quantenna Communications by 3.5% during the third quarter. RK Capital Management LLC now owns 305,119 shares of the technology company’s stock valued at $5,129,000 after purchasing an additional 10,237 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Quantenna Communications during the fourth quarter valued at $129,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Quantenna Communications during the fourth quarter valued at $138,000. 47.58% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.watchlistnews.com/brokerages-anticipate-quantenna-communications-inc-qtna-will-post-quarterly-sales-of-43-88-million/1958583.html.

Quantenna Communications Company Profile

Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.

Get a free copy of the Zacks research report on Quantenna Communications (QTNA)

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

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