Equities research analysts forecast that Quantenna Communications Inc (NASDAQ:QTNA) will report earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Quantenna Communications’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.16. Quantenna Communications reported earnings per share of $0.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings results on Monday, November 5th.

Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last released its earnings results on Monday, July 30th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $51.97 million. Quantenna Communications had a net margin of 17.33% and a return on equity of 3.33%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS.

Several research analysts have recently weighed in on QTNA shares. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 target price on shares of Quantenna Communications in a research report on Friday, June 1st. William Blair reaffirmed an “outperform” rating on shares of Quantenna Communications in a research note on Friday, June 1st. TheStreet raised Quantenna Communications from a “d+” rating to a “c-” rating in a research note on Friday, June 1st. BidaskClub raised Quantenna Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Deutsche Bank dropped their price target on Quantenna Communications from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.80.

In other Quantenna Communications news, Chairman Sam Heidari sold 10,000 shares of Quantenna Communications stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $19.00, for a total value of $190,000.00. Following the transaction, the chairman now owns 172,367 shares in the company, valued at $3,274,973. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David William Carroll sold 4,504 shares of Quantenna Communications stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.00, for a total value of $85,576.00. Following the completion of the transaction, the senior vice president now owns 65,254 shares in the company, valued at approximately $1,239,826. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,081 shares of company stock worth $1,828,225. Company insiders own 13.49% of the company’s stock.

Several large investors have recently added to or reduced their stakes in QTNA. Quantum Capital Management grew its position in Quantenna Communications by 11.6% during the second quarter. Quantum Capital Management now owns 164,289 shares of the technology company’s stock valued at $2,553,000 after purchasing an additional 17,132 shares in the last quarter. Marathon Capital Management boosted its stake in Quantenna Communications by 3.8% in the second quarter. Marathon Capital Management now owns 153,972 shares of the technology company’s stock valued at $2,392,000 after acquiring an additional 5,672 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Quantenna Communications in the second quarter valued at $1,664,000. Creative Planning boosted its stake in Quantenna Communications by 40.8% in the second quarter. Creative Planning now owns 21,114 shares of the technology company’s stock valued at $328,000 after acquiring an additional 6,113 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Quantenna Communications by 607.3% in the first quarter. Russell Investments Group Ltd. now owns 647,776 shares of the technology company’s stock valued at $8,874,000 after acquiring an additional 556,192 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

Shares of Quantenna Communications stock traded down $0.11 during trading on Thursday, hitting $18.38. The stock had a trading volume of 2,258 shares, compared to its average volume of 352,661. The company has a market cap of $686.81 million, a P/E ratio of -920.00, a price-to-earnings-growth ratio of 5.34 and a beta of 1.97. Quantenna Communications has a 1 year low of $9.60 and a 1 year high of $19.41.

Quantenna Communications Company Profile

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

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Earnings History and Estimates for Quantenna Communications (NASDAQ:QTNA)

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