Global Eagle Entertainment (NASDAQ:ENT) Releases Earnings Results, Misses Estimates By $0.06 EPS

Global Eagle Entertainment (NASDAQ:ENT) announced its quarterly 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 firm had revenue of $169.89 million during the quarter, compared to the consensus estimate of $159.33 million.

NASDAQ ENT traded down $0.04 on Friday, reaching $0.59. The company had a trading volume of 1,027,600 shares, compared to its average volume of 593,243. Global Eagle Entertainment has a fifty-two week low of $0.42 and a fifty-two week high of $2.80. The firm has a market cap of $57.55 million, a price-to-earnings ratio of -0.23 and a beta of 1.16. The business has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.71.

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

In other news, Director Ronald Steger bought 50,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were purchased 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 in the company, valued at $204,190.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David B. Wyshner bought 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $50.37 per share, for a total transaction of $100,740.00. In the last ninety days, insiders purchased 102,000 shares of company stock worth $164,990. 8.70% of the stock is owned by insiders.

Global Eagle Entertainment Company Profile

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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