KVH Industries, Inc. (NASDAQ:KVHI) has received an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Brokerages have set a 1 year consensus price objective of $14.00 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KVH Industries an industry rank of 104 out of 255 based on the ratings given to related companies.
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of KVH Industries in a research note on Friday, August 3rd.
In other KVH Industries news, VP Felise Feingold sold 4,432 shares of KVH Industries stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $12.26, for a total transaction of $54,336.32. Following the completion of the sale, the vice president now directly owns 54,146 shares in the company, valued at $663,829.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert J. Balog sold 11,229 shares of KVH Industries stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $13.46, for a total transaction of $151,142.34. Following the sale, the vice president now owns 82,877 shares of the company’s stock, valued at $1,115,524.42. The disclosure for this sale can be found here. 9.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC increased its position in shares of KVH Industries by 0.6% during the first quarter. Needham Investment Management LLC now owns 1,123,598 shares of the communications equipment provider’s stock valued at $11,629,000 after acquiring an additional 6,625 shares during the last quarter. Brinker Capital Inc. increased its position in shares of KVH Industries by 12.2% during the first quarter. Brinker Capital Inc. now owns 70,467 shares of the communications equipment provider’s stock valued at $729,000 after acquiring an additional 7,676 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of KVH Industries by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,304,082 shares of the communications equipment provider’s stock valued at $17,475,000 after acquiring an additional 10,733 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of KVH Industries by 3.1% during the second quarter. Renaissance Technologies LLC now owns 378,400 shares of the communications equipment provider’s stock valued at $5,071,000 after acquiring an additional 11,500 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of KVH Industries during the first quarter valued at about $138,000. Institutional investors and hedge funds own 54.63% of the company’s stock.
KVHI stock remained flat at $$12.05 during trading on Wednesday. 9 shares of the company’s stock were exchanged, compared to its average volume of 10,734. The company has a quick ratio of 1.45, a current ratio of 1.91 and a debt-to-equity ratio of 0.38. KVH Industries has a one year low of $9.05 and a one year high of $14.15. The stock has a market capitalization of $208.44 million, a P/E ratio of -92.69 and a beta of 0.67.
KVH Industries (NASDAQ:KVHI) last issued its earnings results on Thursday, August 2nd. The communications equipment provider reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). KVH Industries had a negative net margin of 5.74% and a negative return on equity of 0.95%. The company had revenue of $43.39 million for the quarter, compared to the consensus estimate of $41.91 million. analysts anticipate that KVH Industries will post -0.11 earnings per share for the current fiscal year.
About KVH Industries
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.
Featured Story: Asset Allocation, Balancing Your Investments
Get a free copy of the Zacks research report on KVH Industries (KVHI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KVH Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries and related companies with MarketBeat.com's FREE daily email newsletter.