Brokerages expect Boingo Wireless Inc (NASDAQ:WIFI) to report earnings per share of ($0.17) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Boingo Wireless’ earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.19). Boingo Wireless posted earnings of ($0.19) per share in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The business is expected to issue its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Boingo Wireless will report full-year earnings of ($0.67) per share for the current year, with EPS estimates ranging from ($0.69) to ($0.65). For the next year, analysts expect that the firm will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.55) to ($0.39). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Boingo Wireless.
Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.03. The firm had revenue of $44.30 million for the quarter, compared to analyst estimates of $41.25 million. Boingo Wireless had a negative return on equity of 25.35% and a negative net margin of 17.38%. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company earned ($0.27) EPS.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, January 7th. Jefferies Group LLC upped their price objective on shares of Boingo Wireless from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Lake Street Capital reaffirmed a “buy” rating and issued a $14.00 price objective (up from $12.00) on shares of Boingo Wireless in a research report on Wednesday, March 8th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Boingo Wireless in a research report on Friday, March 10th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Boingo Wireless in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $13.90.
Shares of Boingo Wireless (NASDAQ:WIFI) traded up 13.49% on Monday, reaching $15.40. The company’s stock had a trading volume of 819,623 shares. Boingo Wireless has a 52-week low of $6.56 and a 52-week high of $15.49. The firm has a 50 day moving average of $13.52 and a 200 day moving average of $12.08. The company’s market cap is $595.16 million.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIFI. Reliance Trust Co. of Delaware increased its position in Boingo Wireless by 9.6% in the first quarter. Reliance Trust Co. of Delaware now owns 11,339 shares of the technology company’s stock worth $147,000 after buying an additional 990 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in Boingo Wireless during the first quarter worth $159,000. Metropolitan Life Insurance Co. NY increased its position in Boingo Wireless by 14.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,544 shares of the technology company’s stock worth $311,000 after buying an additional 3,295 shares in the last quarter. Croft Leominster Inc. bought a new position in Boingo Wireless during the third quarter worth $287,000. Finally, Schroder Investment Management Group increased its position in Boingo Wireless by 29.3% in the third quarter. Schroder Investment Management Group now owns 28,835 shares of the technology company’s stock worth $296,000 after buying an additional 6,526 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.
Boingo Wireless Company Profile
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.
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