Global Eagle Entertainment (NASDAQ:ENT) Issues Earnings Results

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Global Eagle Entertainment (NASDAQ:ENT) announced its earnings results on Thursday. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.06), Fidelity Earnings reports. The business had revenue of $169.89 million for the quarter, compared to analyst estimates of $159.33 million.

ENT stock traded down $0.04 during midday trading on Friday, reaching $0.59. 1,027,600 shares of the company’s stock traded hands, compared to its average volume of 593,243. The stock has a market cap of $57.55 million, a P/E ratio of -0.23 and a beta of 1.16. The stock’s 50-day moving average is $0.68 and its 200 day moving average is $0.71. Global Eagle Entertainment has a 52-week low of $0.42 and a 52-week high of $2.80.

A number of analysts have commented on ENT shares. ValuEngine cut shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Northland Securities reaffirmed a “buy” rating and set a $1.50 target price on shares of Global Eagle Entertainment in a report on Friday, August 9th. Finally, Zacks Investment Research cut shares of Global Eagle Entertainment from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $1.14.

In other Global Eagle Entertainment news, CFO David B. Wyshner acquired 2,000 shares of the stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $50.37 per share, for a total transaction of $100,740.00. Also, Director Ronald Steger acquired 50,000 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $0.66 per share, with a total value of $33,000.00. Following the transaction, the director now directly owns 309,379 shares of the company’s stock, valued at $204,190.14. The disclosure for this purchase can be found here. Insiders have purchased 102,000 shares of company stock valued at $164,990 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

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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Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

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