Wall Street analysts expect Boingo Wireless Inc (NASDAQ:WIFI) to announce ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Boingo Wireless’ earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.03). Boingo Wireless reported earnings of ($0.12) per share in the same quarter last year, which indicates a positive year over year growth rate of 50%. The firm is scheduled to report its next quarterly earnings report on Wednesday, May 13th.
On average, analysts expect that Boingo Wireless will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.03). For the next fiscal year, analysts forecast that the business will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.14) to $0.07. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Boingo Wireless.
Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Monday, March 2nd. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Boingo Wireless had a negative net margin of 3.90% and a negative return on equity of 10.85%. The business had revenue of $64.06 million for the quarter, compared to the consensus estimate of $69.74 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue was down 5.5% on a year-over-year basis.
Shares of Boingo Wireless stock traded down $0.73 during trading hours on Friday, reaching $10.25. 914,492 shares of the company’s stock were exchanged, compared to its average volume of 926,249. The company has a 50 day moving average of $11.63 and a two-hundred day moving average of $11.34. Boingo Wireless has a fifty-two week low of $6.66 and a fifty-two week high of $25.98. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock has a market cap of $465.39 million, a P/E ratio of -42.71 and a beta of 1.03.
Large investors have recently modified their holdings of the company. Swiss National Bank lifted its holdings in Boingo Wireless by 2.3% in the fourth quarter. Swiss National Bank now owns 84,450 shares of the technology company’s stock valued at $925,000 after buying an additional 1,900 shares during the period. Great West Life Assurance Co. Can acquired a new position in Boingo Wireless in the fourth quarter valued at $30,000. Stifel Financial Corp lifted its holdings in Boingo Wireless by 31.0% in the third quarter. Stifel Financial Corp now owns 19,667 shares of the technology company’s stock valued at $219,000 after buying an additional 4,649 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Boingo Wireless by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 267,244 shares of the technology company’s stock valued at $2,927,000 after buying an additional 6,160 shares during the period. Finally, State Street Corp lifted its holdings in Boingo Wireless by 0.8% in the fourth quarter. State Street Corp now owns 939,898 shares of the technology company’s stock valued at $10,292,000 after buying an additional 7,014 shares during the period. Institutional investors own 95.67% of the company’s stock.
About Boingo Wireless
Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.
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