Zacks: Analysts Expect Mobileiron Inc (NASDAQ:MOBL) to Post $0.01 EPS

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Equities analysts expect Mobileiron Inc (NASDAQ:MOBL) to post earnings per share of $0.01 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Mobileiron’s earnings, with estimates ranging from $0.01 to $0.02. Mobileiron posted earnings of $0.02 per share during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Mobileiron will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.04) to $0.01. For the next financial year, analysts expect that the company will post earnings of $0.08 per share, with EPS estimates ranging from $0.06 to $0.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Mobileiron.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. Mobileiron had a negative return on equity of 89.20% and a negative net margin of 23.43%. The firm had revenue of $50.87 million during the quarter, compared to analysts’ expectations of $50.66 million. During the same period last year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year.

MOBL has been the subject of several research analyst reports. BidaskClub upgraded Mobileiron from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Zacks Investment Research upgraded Mobileiron from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research report on Tuesday, August 13th. Craig Hallum began coverage on Mobileiron in a research report on Wednesday, July 24th. They set a “buy” rating and a $11.00 price target for the company. Morgan Stanley lifted their price target on Mobileiron from $5.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of Mobileiron in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.94.

Shares of NASDAQ:MOBL traded up $0.05 during trading on Friday, hitting $7.11. The stock had a trading volume of 2,013,206 shares, compared to its average volume of 1,164,526. Mobileiron has a 12-month low of $3.98 and a 12-month high of $7.42. The stock has a market capitalization of $767.58 million, a price-to-earnings ratio of -16.93 and a beta of 1.70. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $5.76.

In related news, Director Tae Hea Nahm sold 274,427 shares of Mobileiron stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $6.76, for a total transaction of $1,855,126.52. Following the completion of the transaction, the director now directly owns 158,781 shares in the company, valued at $1,073,359.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Simon Biddiscombe sold 45,089 shares of Mobileiron stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $6.25, for a total value of $281,806.25. Following the transaction, the chief executive officer now owns 1,371,601 shares of the company’s stock, valued at $8,572,506.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,230,912 shares of company stock valued at $15,007,297. 13.48% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in MOBL. Federated Investors Inc. PA raised its position in Mobileiron by 66,867.7% during the first quarter. Federated Investors Inc. PA now owns 2,003,004 shares of the software maker’s stock valued at $10,957,000 after acquiring an additional 2,000,013 shares in the last quarter. BlackRock Inc. increased its position in shares of Mobileiron by 23.6% in the second quarter. BlackRock Inc. now owns 6,495,198 shares of the software maker’s stock valued at $40,270,000 after buying an additional 1,239,866 shares in the last quarter. ACK Asset Management LLC increased its position in shares of Mobileiron by 92.2% in the first quarter. ACK Asset Management LLC now owns 2,056,700 shares of the software maker’s stock valued at $10,130,000 after buying an additional 986,700 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Mobileiron by 271.0% in the second quarter. Wells Fargo & Company MN now owns 1,288,377 shares of the software maker’s stock valued at $7,988,000 after buying an additional 941,078 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Mobileiron by 426.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,113,749 shares of the software maker’s stock valued at $6,092,000 after buying an additional 902,054 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

About Mobileiron

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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