Franklin Wireless (OTCMKTS:FKWL) Releases Earnings Results, Beats Expectations By $0.45 EPS

Franklin Wireless (OTCMKTS:FKWL) released its earnings results on Tuesday. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.45, Zacks reports. Franklin Wireless had a return on equity of 31.59% and a net margin of 7.39%.

Shares of OTCMKTS:FKWL opened at $22.00 on Friday. Franklin Wireless has a 12-month low of $1.93 and a 12-month high of $23.74. The company has a market capitalization of $254.50 million, a PE ratio of 43.14 and a beta of -0.15. The business has a 50 day moving average of $17.47 and a two-hundred day moving average of $10.90.

Separately, Lake Street Capital boosted their price target on Franklin Wireless from $18.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday.

About Franklin Wireless

Franklin Wireless Corp. provides intelligent wireless solutions. The company's products include mobile hotspots, routers, trackers, and other devices, which integrates hardware and software enabling machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, and modems and gateways built to deliver connectivity supporting various spectrum of applications based on 5G/4G wireless technology.

Featured Article: Beige Book

Earnings History for Franklin Wireless (OTCMKTS:FKWL)

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