SeaChange International (NASDAQ:SEAC) Releases Earnings Results, Beats Expectations By $0.03 EPS

SeaChange International (NASDAQ:SEAC) issued its quarterly earnings results on Wednesday. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.03, MarketWatch Earnings reports. SeaChange International had a negative return on equity of 49.90% and a negative net margin of 98.91%.

NASDAQ:SEAC opened at $1.23 on Friday. The stock has a 50 day moving average price of $1.18. The company has a market cap of $59.53 million, a P/E ratio of -2.12 and a beta of 0.80. SeaChange International has a 1-year low of $0.69 and a 1-year high of $2.15. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.03.

A number of analysts have recently issued reports on SEAC shares. Zacks Investment Research downgraded SeaChange International from a “hold” rating to a “sell” rating in a research report on Saturday, April 17th. Aegis started coverage on SeaChange International in a research report on Monday, May 3rd. They set a “buy” rating and a $3.00 price target for the company.

In other news, Chairman Robert M. Pons bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The stock was bought at an average price of $1.04 per share, for a total transaction of $104,000.00. Following the transaction, the chairman now directly owns 407,815 shares of the company’s stock, valued at approximately $424,127.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

About SeaChange International

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; MediaMaker, an OTT video cloud platform that enables operators, broadcasters, media companies, and content owners to ingest, manage, monetize, and distribute their content across networks and devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices.

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Earnings History for SeaChange International (NASDAQ:SEAC)

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