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.

ILLEGAL ACTIVITY WARNING: “Global Eagle Entertainment (ENT) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS” was first reported by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2018/11/10/global-eagle-entertainment-ent-releases-quarterly-earnings-results-misses-estimates-by-0-19-eps.html.

Global Eagle Entertainment Company Profile

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.

See Also: Put Option

Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

Receive News & Ratings for Global Eagle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Eagle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.