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.
COPYRIGHT VIOLATION NOTICE: “Global Eagle Entertainment (ENT) Posts Earnings Results, Misses Estimates By $0.19 EPS” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/11/10/global-eagle-entertainment-ent-posts-earnings-results-misses-estimates-by-0-19-eps.html.
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.
Read More: Moving Average (MA)
Receive News & Ratings for Global Eagle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Eagle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.