Equities analysts predict that KVH Industries, Inc. (NASDAQ:KVHI) will announce earnings per share of $0.01 for the current quarter, according to Zacks. Two analysts have issued estimates for KVH Industries’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.04. KVH Industries also reported earnings of $0.01 per share in the same quarter last year. The firm is expected to report its next earnings results on Friday, March 6th.
On average, analysts expect that KVH Industries will report full-year earnings of ($0.47) per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will report earnings of $0.09 per share, with EPS estimates ranging from ($0.01) to $0.18. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover KVH Industries.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings data on Wednesday, October 30th. The communications equipment provider reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.03). The company had revenue of $39.31 million for the quarter, compared to the consensus estimate of $40.28 million. KVH Industries had a net margin of 21.47% and a negative return on equity of 8.41%.
KVHI has been the topic of a number of research analyst reports. Raymond James lowered their price objective on shares of KVH Industries from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Zacks Investment Research upgraded shares of KVH Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. TheStreet downgraded shares of KVH Industries from a “c-” rating to a “d+” rating in a research report on Tuesday, August 13th. B. Riley set a $15.00 price objective on shares of KVH Industries and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Chardan Capital restated a “buy” rating and set a $20.00 price objective on shares of KVH Industries in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.00.
In other KVH Industries news, CMO Elizabeth Jackson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $10.10, for a total transaction of $25,250.00. Following the completion of the sale, the chief marketing officer now directly owns 31,552 shares of the company’s stock, valued at $318,675.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 5,954 shares of company stock valued at $59,134. 11.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KVHI. Moors & Cabot Inc. boosted its position in shares of KVH Industries by 1.6% during the third quarter. Moors & Cabot Inc. now owns 96,968 shares of the communications equipment provider’s stock worth $1,033,000 after acquiring an additional 1,500 shares during the last quarter. Rhumbline Advisers lifted its position in KVH Industries by 8.2% during the third quarter. Rhumbline Advisers now owns 25,422 shares of the communications equipment provider’s stock valued at $271,000 after purchasing an additional 1,935 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in KVH Industries by 7.5% during the second quarter. Parametric Portfolio Associates LLC now owns 27,987 shares of the communications equipment provider’s stock valued at $304,000 after purchasing an additional 1,964 shares during the last quarter. Vanguard Group Inc. lifted its position in KVH Industries by 0.3% during the second quarter. Vanguard Group Inc. now owns 815,000 shares of the communications equipment provider’s stock valued at $8,859,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Pitcairn Co. lifted its position in KVH Industries by 11.8% during the second quarter. Pitcairn Co. now owns 25,482 shares of the communications equipment provider’s stock valued at $277,000 after purchasing an additional 2,681 shares during the last quarter. 56.02% of the stock is owned by institutional investors and hedge funds.
Shares of KVH Industries stock opened at $9.91 on Wednesday. The company has a market cap of $183.14 million, a price-to-earnings ratio of -82.58 and a beta of 0.88. The company’s 50 day moving average is $10.14 and its 200 day moving average is $9.91. KVH Industries has a twelve month low of $8.64 and a twelve month high of $12.02. The company has a quick ratio of 2.02, a current ratio of 2.50 and a debt-to-equity ratio of 0.02.
KVH Industries Company Profile
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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