Global Eagle Entertainment (ENT) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS
Global Eagle Entertainment (NASDAQ:ENT) announced its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.19), Fidelity Earnings reports. Global Eagle Entertainment had a negative net margin of 42.86% and a negative return on equity of 370.92%. The company had revenue of $164.03 million for the quarter, compared to analysts’ expectations of $168.65 million.
NASDAQ:ENT remained flat at $$2.73 during mid-day trading on Friday. 606,763 shares of the company traded hands, compared to its average volume of 96,928. Global Eagle Entertainment has a 1-year low of $0.87 and a 1-year high of $3.22. The company has a market capitalization of $236.42 million, a price-to-earnings ratio of -1.38 and a beta of 1.67.
ENT has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. BidaskClub raised shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. Finally, ValuEngine lowered shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th.
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Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
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