Franklin Wireless (NASDAQ:FKWL – Get Free Report) issued its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04, Zacks reports. The firm had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $10.60 million. Franklin Wireless had a negative net margin of 12.99% and a negative return on equity of 1.62%.
Franklin Wireless Trading Down 1.2%
Shares of Franklin Wireless stock opened at $2.39 on Wednesday. The company’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $2.88. The company has a market cap of $28.16 million, a price-to-earnings ratio of -5.97 and a beta of 0.31. Franklin Wireless has a 1 year low of $2.21 and a 1 year high of $5.48.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Franklin Wireless in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Franklin Wireless presently has a consensus rating of “Hold” and a consensus target price of $6.00.
About Franklin Wireless
Franklin Wireless Corporation develops and supplies wireless communications equipment and connected-device solutions. The company’s products are designed to provide mobile broadband connectivity through cellular networks and include mobile hotspots, routers, modems, and related wireless devices.
Franklin Wireless primarily serves wireless network operators, distributors, retailers, and enterprise customers. Its offerings support applications such as home and mobile internet access, backup connectivity, remote communications, and Internet of Things deployments.
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