Global Eagle Entertainment (NASDAQ:ENT) issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.06), Fidelity Earnings reports. The firm had revenue of $169.89 million during the quarter, compared to analyst estimates of $159.33 million.
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Shares of ENT stock traded up $0.01 during mid-day trading on Friday, reaching $0.53. The stock had a trading volume of 73,000 shares, compared to its average volume of 146,001. The firm has a market cap of $49.45 million, a PE ratio of -0.20 and a beta of 1.16. The firm’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $0.71. Global Eagle Entertainment has a one year low of $0.42 and a one year high of $2.80.
In related news, Director Ronald Steger purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of $0.66 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now owns 309,379 shares in the company, valued at approximately $204,190.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.
Several analysts recently weighed in on ENT shares. Zacks Investment Research downgraded Global Eagle Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Northland Securities restated a “buy” rating and set a $1.50 target price on shares of Global Eagle Entertainment in a research note on Friday, August 9th. Finally, ValuEngine downgraded Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $1.14.
About Global Eagle Entertainment
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
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