Brokerages predict that Boingo Wireless Inc (NASDAQ:WIFI) will announce earnings of ($0.11) per share for the current quarter, Zacks reports. Six analysts have issued estimates for Boingo Wireless’ earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.07). Boingo Wireless also posted earnings per share of ($0.11) in the same quarter last year. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that Boingo Wireless will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.53). For the next fiscal year, analysts forecast that the business will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.50) to ($0.31). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Boingo Wireless.
A number of research firms recently weighed in on WIFI. Zacks Investment Research cut Boingo Wireless from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer upped their price target on Boingo Wireless and gave the stock an “outperform” rating in a report on Friday, November 3rd. BidaskClub upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Roth Capital began coverage on Boingo Wireless in a report on Wednesday, January 17th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Jefferies Group upped their price target on Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.50.
A number of hedge funds have recently bought and sold shares of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Boingo Wireless by 35.8% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,100 shares of the technology company’s stock valued at $2,972,000 after buying an additional 34,800 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Boingo Wireless during the 4th quarter worth $391,000. Millennium Management LLC lifted its stake in shares of Boingo Wireless by 13.7% during the 4th quarter. Millennium Management LLC now owns 549,120 shares of the technology company’s stock worth $12,355,000 after purchasing an additional 65,956 shares during the period. Raymond James & Associates purchased a new position in shares of Boingo Wireless during the 4th quarter worth $926,000. Finally, QS Investors LLC lifted its stake in shares of Boingo Wireless by 5.0% during the 4th quarter. QS Investors LLC now owns 138,384 shares of the technology company’s stock worth $3,114,000 after purchasing an additional 6,569 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
Boingo Wireless (WIFI) traded up $0.09 on Monday, hitting $26.14. The company had a trading volume of 376,006 shares, compared to its average volume of 410,190. The firm has a market cap of $1,062.71, a PE ratio of -44.91 and a beta of 0.57. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless has a 1-year low of $10.46 and a 1-year high of $26.93.
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About Boingo Wireless
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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