KVH Industries (KVHI) Given $12.00 Consensus Price Target by Analysts

Shares of KVH Industries (NASDAQ:KVHI) have been assigned an average broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Analysts have set a 1 year consensus price objective of $12.00 for the company and are expecting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given KVH Industries an industry rank of 213 out of 265 based on the ratings given to related companies.

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Several research analysts have recently issued reports on KVHI shares. ValuEngine lowered KVH Industries from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research raised KVH Industries from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, January 3rd.

KVH Industries stock traded down $0.05 during trading hours on Friday, hitting $10.25. The stock had a trading volume of 10,460 shares, compared to its average volume of 23,945. KVH Industries has a fifty-two week low of $7.65 and a fifty-two week high of $12.65. The company has a quick ratio of 1.73, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. The stock has a market cap of $179.63, a price-to-earnings ratio of -78.85 and a beta of 0.79.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Friday, March 2nd. The communications equipment provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The business had revenue of $38.98 million for the quarter, compared to the consensus estimate of $40.11 million. KVH Industries had a negative return on equity of 1.25% and a negative net margin of 6.89%. analysts expect that KVH Industries will post -0.18 earnings per share for the current fiscal year.

In other news, CEO Van Heyningen Martin Kits sold 3,295 shares of KVH Industries stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $10.35, for a total value of $34,103.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 20,611 shares of company stock valued at $205,112. Corporate insiders own 9.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of KVH Industries by 4.9% in the second quarter. Northern Trust Corp now owns 193,162 shares of the communications equipment provider’s stock worth $1,835,000 after purchasing an additional 9,110 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of KVH Industries by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock worth $196,000 after purchasing an additional 165 shares in the last quarter. State Street Corp raised its holdings in shares of KVH Industries by 6.2% in the 2nd quarter. State Street Corp now owns 267,550 shares of the communications equipment provider’s stock worth $2,540,000 after acquiring an additional 15,506 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of KVH Industries by 73.1% in the 3rd quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock worth $215,000 after acquiring an additional 7,588 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of KVH Industries by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,237,751 shares of the communications equipment provider’s stock worth $14,791,000 after acquiring an additional 34,714 shares during the last quarter. Institutional investors own 54.88% of the company’s stock.

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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, including satellite TV antennas; 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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