Equities research analysts forecast that Boingo Wireless Inc (NASDAQ:WIFI) will announce earnings of ($0.12) per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Boingo Wireless’ earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.15). Boingo Wireless posted earnings per share of ($0.11) during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The company is scheduled to issue its next earnings report on Tuesday, March 6th.

On average, analysts expect that Boingo Wireless will report full-year earnings of ($0.58) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.53). For the next financial year, analysts forecast that the company will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.50) to ($0.33). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Boingo Wireless.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $53.66 million for the quarter, compared to the consensus estimate of $50.22 million. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) EPS.

A number of brokerages have recently issued reports on WIFI. Oppenheimer boosted their price objective on Boingo Wireless and gave the company an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group boosted their price objective on Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Credit Suisse Group boosted their price objective on Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. BidaskClub downgraded Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded Boingo Wireless from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.04.

Boingo Wireless (NASDAQ:WIFI) opened at $22.71 on Thursday. 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 52 week low of $10.46 and a 52 week high of $25.99.

In related news, CFO Peter Hovenier sold 25,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.51, for a total value of $612,750.00. Following the completion of the sale, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $245,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 60,000 shares of company stock valued at $1,477,750 over the last ninety days. 7.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Wolverine Trading LLC bought a new stake in Boingo Wireless in the 3rd quarter valued at about $341,000. California Public Employees Retirement System increased its position in Boingo Wireless by 121.8% in the 3rd quarter. California Public Employees Retirement System now owns 28,608 shares of the technology company’s stock valued at $611,000 after buying an additional 15,708 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Boingo Wireless by 51.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,511 shares of the technology company’s stock valued at $545,000 after buying an additional 8,654 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in Boingo Wireless in the 3rd quarter valued at about $229,000. Finally, Nicholas Investment Partners LP increased its position in Boingo Wireless by 76.1% in the 3rd quarter. Nicholas Investment Partners LP now owns 195,422 shares of the technology company’s stock valued at $4,176,000 after buying an additional 84,433 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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

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