Global Eagle Entertainment (NASDAQ:ENT) issued its earnings results on Thursday. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.19), Fidelity Earnings reports. The business had revenue of $164.03 million during the quarter, compared to analysts’ expectations of $168.65 million. Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 42.86%.
Shares of ENT stock remained flat at $$2.73 during mid-day trading on Friday. 606,763 shares of the company’s stock were exchanged, compared to its average volume of 96,928. Global Eagle Entertainment has a 12-month low of $0.87 and a 12-month high of $3.22. The stock has a market capitalization of $236.42 million, a PE ratio of -1.38 and a beta of 1.67.
A number of equities analysts have issued reports on ENT shares. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research report on Tuesday, July 17th. ValuEngine cut shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, BidaskClub upgraded shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, September 29th.
Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry 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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