Analysts Anticipate Boingo Wireless Inc (NASDAQ:WIFI) to Post -$0.10 EPS

Wall Street brokerages predict that Boingo Wireless Inc (NASDAQ:WIFI) will post earnings per share of ($0.10) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Boingo Wireless’ earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.04). Boingo Wireless reported earnings of $0.01 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,100%. The business is expected to announce its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Boingo Wireless will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.15). For the next financial year, analysts expect that the business will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.33) to ($0.16). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Boingo Wireless.

WIFI has been the subject of several recent research reports. William Blair reissued a “buy” rating on shares of Boingo Wireless in a research note on Friday, October 11th. Craig Hallum reiterated a “buy” rating and set a $18.00 price target (down from $22.00) on shares of Boingo Wireless in a report on Wednesday, November 6th. Zacks Investment Research lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, BidaskClub upgraded shares of Boingo Wireless from a “strong sell” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of WIFI traded up $0.19 during mid-day trading on Friday, reaching $11.44. The company’s stock had a trading volume of 407,484 shares, compared to its average volume of 624,411. Boingo Wireless has a 52 week low of $8.85 and a 52 week high of $26.07. The stock has a market cap of $505.20 million, a PE ratio of -381.33 and a beta of 1.02. The company’s fifty day moving average price is $11.16 and its two-hundred day moving average price is $13.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.87.

In related news, CTO Derek Peterson sold 10,715 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $14.02, for a total transaction of $150,224.30. Following the completion of the transaction, the chief technology officer now directly owns 48,911 shares in the company, valued at approximately $685,732.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Boingo Wireless by 122.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,986 shares of the technology company’s stock worth $66,000 after acquiring an additional 3,300 shares during the period. Man Group plc bought a new position in Boingo Wireless in the 3rd quarter worth $132,000. Tower Research Capital LLC TRC boosted its holdings in Boingo Wireless by 44.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,104 shares of the technology company’s stock worth $134,000 after buying an additional 3,704 shares during the period. BNP Paribas Arbitrage SA increased its stake in Boingo Wireless by 25.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,756 shares of the technology company’s stock worth $193,000 after buying an additional 2,216 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Boingo Wireless by 31.0% in the 3rd quarter. Stifel Financial Corp now owns 19,667 shares of the technology company’s stock worth $219,000 after buying an additional 4,649 shares in the last quarter. 98.81% of the stock is owned by institutional investors.

Boingo Wireless Company Profile

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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Earnings History and Estimates for Boingo Wireless (NASDAQ:WIFI)

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