Boingo Wireless, Inc. (WIFI) Set to Announce Earnings on Wednesday
Boingo Wireless, Inc. (NASDAQ:WIFI) will be posting its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Boingo Wireless to post earnings of ($0.17) per share for the quarter. Boingo Wireless has set its Q2 guidance at ($0.22)-($0.14) EPS and its FY17 guidance at (0.74)-($0.64) EPS.
Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.03. The firm had revenue of $44.30 million during the quarter, compared to analyst estimates of $41.25 million. Boingo Wireless had a negative return on equity of 24.60% and a negative net margin of 14.32%. Boingo Wireless’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. On average, analysts expect Boingo Wireless to post $-0.65 EPS for the current fiscal year and $-0.48 EPS for the next fiscal year.
Boingo Wireless, Inc. (WIFI) opened at 15.47 on Wednesday. Boingo Wireless, Inc. has a 12-month low of $8.10 and a 12-month high of $17.10. The stock’s market capitalization is $603.08 million. The firm’s 50-day moving average price is $15.58 and its 200 day moving average price is $13.73.
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In other news, VP Tom Tracey sold 10,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $16.87, for a total value of $168,700.00. Following the sale, the vice president now directly owns 40,022 shares in the company, valued at $675,171.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Hagan sold 75,000 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $15.27, for a total value of $1,145,250.00. Following the completion of the sale, the chief executive officer now owns 621,853 shares in the company, valued at $9,495,695.31. The disclosure for this sale can be found here. Insiders have sold 882,777 shares of company stock worth $13,729,842 over the last 90 days. 7.70% of the stock is owned by insiders.
A number of research analysts have commented on the company. ValuEngine upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services upped their price target on Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, July 5th. Credit Suisse Group upped their price target on Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, Benchmark Co. assumed coverage on Boingo Wireless in a research note on Tuesday, April 25th. They set a “buy” rating and a $18.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.26.
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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