Global Eagle Entertainment (ENT) Posts Earnings Results, Misses Estimates By $0.19 EPS

Global Eagle Entertainment (NASDAQ:ENT) released its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.19), Fidelity Earnings reports. Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 42.86%. The company had revenue of $164.03 million during the quarter, compared to analyst estimates of $168.65 million.

Global Eagle Entertainment stock remained flat at $$2.73 during trading on Friday. The company had a trading volume of 606,763 shares, compared to its average volume of 96,928. The firm has a market capitalization of $236.42 million, a price-to-earnings ratio of -1.38 and a beta of 1.67. Global Eagle Entertainment has a 52-week low of $0.87 and a 52-week high of $3.22.

A number of equities analysts have recently weighed in on ENT shares. Zacks Investment Research raised Global Eagle Entertainment from a “sell” rating to a “buy” rating and set a $3.00 price target for the company in a report on Monday, October 15th. ValuEngine lowered Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, BidaskClub upgraded Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th.

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Global Eagle Entertainment Company Profile

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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Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

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