KVH Industries (NASDAQ:KVHI) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.04) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.03). The company issued revenue guidance of $41.5 million, compared to the consensus revenue estimate of $43.10 million.KVH Industries also updated its FY19 guidance to (0.05) EPS.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of KVH Industries from a buy rating to a hold rating in a report on Friday, May 10th. B. Riley set a $15.00 price objective on shares of KVH Industries and gave the company a buy rating in a report on Monday. Chardan Capital set a $20.00 price objective on shares of KVH Industries and gave the company a buy rating in a report on Tuesday. Needham & Company LLC reaffirmed a buy rating and issued a $13.00 price target (down from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Finally, Raymond James cut their price target on shares of KVH Industries from $13.00 to $11.00 and set an outperform rating on the stock in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $14.00.
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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.78. The firm has a market cap of $178.80 million, a PE ratio of -83.00 and a beta of 0.76.
KVH Industries (NASDAQ:KVHI) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $46.08 million. On average, equities analysts predict that KVH Industries will post -0.27 EPS for the current year.
In other KVH Industries news, EVP Mark Woodhead sold 2,347 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total value of $27,013.97. Following the transaction, the executive vice president now directly owns 37,831 shares in the company, valued at approximately $435,434.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Balog sold 2,379 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $27,382.29. Following the completion of the transaction, the insider now owns 80,498 shares in the company, valued at $926,531.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,542 shares of company stock valued at $311,346. 11.30% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in KVH Industries stock. Geode Capital Management LLC raised its position in KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,197 shares of the communications equipment provider’s stock after purchasing an additional 7,300 shares during the quarter. Geode Capital Management LLC owned about 0.81% of KVH Industries worth $1,473,000 as of its most recent SEC filing. 54.40% of the stock is owned by institutional investors.
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About KVH Industries
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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