KVH Industries (NASDAQ:KVHI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of (0.05) for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $182 million, compared to the consensus revenue estimate of $183.25 million.KVH Industries also updated its Q2 guidance to ($0.04) EPS.
Shares of NASDAQ KVHI opened at $9.96 on Thursday. KVH Industries has a 12-month low of $9.16 and a 12-month high of $14.15. The stock has a market cap of $178.80 million, a P/E ratio of -83.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.78.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings data on Friday, March 1st. The communications equipment provider reported ($0.03) EPS for the quarter. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. The company had revenue of $43.75 million during the quarter, compared to analyst estimates of $46.08 million. As a group, equities analysts forecast that KVH Industries will post -0.27 earnings per share for the current year.
A number of research analysts recently commented on the stock. B. Riley set a $15.00 target price on shares of KVH Industries and gave the company a buy rating in a research report on Monday. Chardan Capital set a $20.00 target price on shares of KVH Industries and gave the stock a buy rating in a research note on Tuesday. Zacks Investment Research cut shares of KVH Industries from a buy rating to a hold rating in a research note on Friday, May 10th. Raymond James reduced their price objective on shares of KVH Industries from $13.00 to $11.00 and set an outperform rating for the company in a research note on Monday, May 6th. Finally, Needham & Company LLC restated a buy rating and set a $13.00 target price (down from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $14.00.
In other KVH Industries news, CEO Van Heyningen Martin Kits sold 3,293 shares of KVH Industries stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $10.21, for a total transaction of $33,621.53. Following the transaction, the chief executive officer now directly owns 809,567 shares of the company’s stock, valued at $8,265,679.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Woodhead sold 2,347 shares of KVH Industries stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $27,013.97. Following the transaction, the executive vice president now directly owns 37,831 shares in the company, valued at $435,434.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,542 shares of company stock valued at $311,346. 11.30% of the stock is owned by insiders.
A hedge fund recently raised its stake in KVH Industries stock. Geode Capital Management LLC lifted its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,197 shares of the communications equipment provider’s stock after purchasing an additional 7,300 shares during the period. Geode Capital Management LLC owned approximately 0.81% of KVH Industries worth $1,473,000 as of its most recent SEC filing. Institutional investors own 54.40% of the company’s stock.
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KVH Industries Company Profile
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; 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.
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