KVH Industries, Inc. (KVHI) Stock Rating Reaffirmed by Needham & Company LLC
KVH Industries, Inc. (NASDAQ:KVHI)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research note issued on Friday.
Separately, Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, October 18th.
Shares of KVH Industries (KVHI) traded up $0.05 during mid-day trading on Friday, hitting $11.05. 33,906 shares of the stock traded hands, compared to its average volume of 24,665. The company has a quick ratio of 1.81, a current ratio of 2.37 and a debt-to-equity ratio of 0.43.
KVH Industries (NASDAQ:KVHI) last posted its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.20. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $40.55 million. KVH Industries had a negative return on equity of 1.10% and a negative net margin of 9.77%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. analysts anticipate that KVH Industries will post -0.03 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of KVH Industries during the second quarter worth about $108,000. Russell Investments Group Ltd. raised its position in shares of KVH Industries by 26.6% during the first quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock worth $112,000 after acquiring an additional 2,800 shares during the last quarter. SPC Financial Inc. bought a new position in shares of KVH Industries during the third quarter worth about $223,000. Parametric Portfolio Associates LLC raised its position in shares of KVH Industries by 2.2% during the first quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock worth $172,000 after acquiring an additional 442 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of KVH Industries by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 21,600 shares of the communications equipment provider’s stock worth $182,000 after acquiring an additional 3,600 shares during the last quarter. Institutional investors own 61.14% of the company’s stock.
KVH Industries Company Profile
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.
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