Boingo Wireless, Inc. (NASDAQ:WIFI) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Boingo Wireless in a research note issued to investors on Friday. Jefferies Group analyst S. Goldman forecasts that the technology company will post earnings of ($0.19) per share for the quarter. Jefferies Group has a “Buy” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Boingo Wireless’ Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.11) EPS and FY2019 earnings at ($0.26) EPS.

Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $53.66 million during the quarter, compared to analysts’ expectations of $50.22 million. Boingo Wireless had a negative return on equity of 23.73% and a negative net margin of 11.75%. Boingo Wireless’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business earned ($0.15) earnings per share. ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/11/06/boingo-wireless-inc-forecasted-to-earn-q1-2018-earnings-of-0-19-per-share-wifi.html.

Several other brokerages have also recently commented on WIFI. Oppenheimer Holdings, Inc. raised their target price on Boingo Wireless and gave the stock an “outperform” rating in a research report on Friday. Credit Suisse Group raised their target price on Boingo Wireless from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday. Craig Hallum raised their target price on Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 5th. Finally, BidaskClub cut Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Boingo Wireless has an average rating of “Buy” and a consensus target price of $21.37.

Boingo Wireless (WIFI) opened at $25.06 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.47 and a current ratio of 0.47.

In related news, CEO David Hagan sold 60,000 shares of Boingo Wireless stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $18.39, for a total value of $1,103,400.00. Following the completion of the sale, the chief executive officer now directly owns 621,853 shares in the company, valued at $11,435,876.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Tom Tracey sold 25,000 shares of Boingo Wireless stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $18.45, for a total value of $461,250.00. Following the completion of the sale, the vice president now owns 38,276 shares of the company’s stock, valued at $706,192.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 270,778 shares of company stock valued at $5,291,249. 7.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in WIFI. Castleark Management LLC acquired a new stake in Boingo Wireless in the second quarter worth about $8,995,000. Russell Investments Group Ltd. boosted its holdings in Boingo Wireless by 64.1% during the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock worth $18,538,000 after buying an additional 484,061 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Boingo Wireless by 20.1% during the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock worth $34,860,000 after buying an additional 389,195 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Boingo Wireless by 58.1% during the second quarter. Hood River Capital Management LLC now owns 1,043,219 shares of the technology company’s stock worth $15,607,000 after buying an additional 383,174 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Boingo Wireless by 19.0% during the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock worth $30,563,000 after buying an additional 326,791 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

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.

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

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