Franklin Wireless (FKWL) Projected to Release Earnings on Monday

Franklin Wireless (NASDAQ:FKWL) is expected to be releasing its results before the market opens on Monday, September 21st. Analysts expect the company to post earnings of ($0.03) per share and revenue of $10.60 million for the quarter.

Franklin Wireless Trading Down 1.6%

NASDAQ:FKWL opened at $2.41 on Friday. The stock has a market cap of $28.39 million, a P/E ratio of -40.17 and a beta of 0.31. The stock’s 50-day moving average is $2.39 and its 200-day moving average is $2.96. Franklin Wireless has a 1-year low of $2.21 and a 1-year high of $5.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Franklin Wireless in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.