Gogo Inc. (GOGO) Forecasted to Earn Q1 2019 Earnings of ($0.29) Per Share
Gogo Inc. (NASDAQ:GOGO) – Stock analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for Gogo in a research note issued to investors on Wednesday. William Blair analyst J. Breen anticipates that the technology company will post earnings of ($0.29) per share for the quarter. William Blair also issued estimates for Gogo’s Q2 2019 earnings at ($0.28) EPS, FY2019 earnings at ($1.08) EPS, FY2020 earnings at ($0.63) EPS and FY2021 earnings at ($0.04) EPS.
GOGO has been the subject of a number of other reports. Raymond James Financial, Inc. started coverage on shares of Gogo in a research report on Wednesday, May 31st. They issued an “outperform” rating and a $15.00 price target for the company. BidaskClub raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Dougherty & Co boosted their price target on shares of Gogo from $17.50 to $19.00 and gave the company a “buy” rating in a research report on Sunday, May 7th. Finally, Standpoint Research cut shares of Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Gogo has a consensus rating of “Hold” and an average price target of $15.50.
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Shares of Gogo (NASDAQ GOGO) opened at 12.56 on Monday. Gogo has a 12 month low of $8.56 and a 12 month high of $13.69. The firm’s 50-day moving average price is $12.00 and its 200 day moving average price is $11.50. The firm’s market capitalization is $1.09 billion.
Gogo (NASDAQ:GOGO) last issued its earnings results on Monday, August 7th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.07. The company had revenue of $172.80 million during the quarter, compared to the consensus estimate of $167.63 million. Gogo’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned ($0.31) EPS.
Large investors have recently made changes to their positions in the stock. PEAK6 Investments L.P. acquired a new stake in shares of Gogo during the first quarter worth approximately $825,000. Gamco Investors INC. ET AL boosted its stake in shares of Gogo by 9.0% in the first quarter. Gamco Investors INC. ET AL now owns 1,002,700 shares of the technology company’s stock worth $11,030,000 after buying an additional 82,600 shares during the last quarter. American International Group Inc. boosted its stake in shares of Gogo by 7.1% in the first quarter. American International Group Inc. now owns 34,656 shares of the technology company’s stock worth $381,000 after buying an additional 2,294 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Gogo during the first quarter worth approximately $564,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock worth $107,000 after buying an additional 73 shares during the last quarter. 63.35% of the stock is owned by institutional investors and hedge funds.
Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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