KVH Industries, Inc. (KVHI) Issues Q4 Earnings Guidance
KVH Industries, Inc. (NASDAQ:KVHI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. The company issued revenue guidance of $39-42 million, compared to the consensus revenue estimate of $51.10 million.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.20. The firm had revenue of $40.50 million during the quarter, compared to analysts’ expectations of $40.55 million. KVH Industries had a positive return on equity of 1.85% and a negative net margin of 6.35%. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS.
Separately, Zacks Investment Research cut KVH Industries from a buy rating to a hold rating in a report on Thursday, October 19th.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/kvh-industries-inc-kvhi-issues-q4-earnings-guidance.html.
An institutional investor recently raised its position in KVH Industries stock. State Street Corp raised its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,550 shares of the communications equipment provider’s stock after buying an additional 15,506 shares during the quarter. State Street Corp owned about 1.57% of KVH Industries worth $2,540,000 at the end of the most recent reporting period. 61.14% of the stock is currently owned by institutional investors and hedge funds.
About KVH Industries
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
Receive News & Ratings for KVH Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.