KVH Industries (NASDAQ:KVHI) updated its second quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.05–0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.03. KVH Industries also updated its FY 2019 guidance to $-0.23–0.05 EPS.
A number of research firms have commented on KVHI. 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. Zacks Investment Research downgraded shares of KVH Industries from a buy rating to a hold rating in a report on Friday, May 10th. Raymond James cut their price objective on shares of KVH Industries from $13.00 to $11.00 and set an outperform rating for the company in a report on Monday, May 6th. Finally, Needham & Company LLC reiterated a buy rating and issued a $13.00 price objective (down previously from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. KVH Industries presently has an average rating of Buy and an average target price of $14.00.
Shares of NASDAQ KVHI traded up $0.05 during midday trading on Thursday, reaching $9.96. 1,357 shares of the stock were exchanged, compared to its average volume of 30,351. The company has a market capitalization of $178.80 million, a P/E ratio of -82.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.78. KVH Industries has a twelve month low of $9.16 and a twelve month high of $14.15.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $43.75 million for the quarter, compared to analyst estimates of $46.08 million. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. As a group, research analysts expect that KVH Industries will post -0.27 EPS for the current year.
In related news, CEO Van Heyningen Martin Kits sold 5,166 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $59,460.66. Following the completion of the transaction, the chief executive officer now owns 801,752 shares of the company’s stock, valued at approximately $9,228,165.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Balog sold 2,379 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total transaction of $27,382.29. Following the transaction, the insider now directly owns 80,498 shares of the company’s stock, valued at approximately $926,531.98. The disclosure for this sale can be found here. Insiders have sold a total of 28,542 shares of company stock valued at $311,346 in the last ninety days. 11.30% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in KVH Industries stock. Geode Capital Management LLC increased its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 143,197 shares of the communications equipment provider’s stock after purchasing an additional 7,300 shares during the period. Geode Capital Management LLC owned approximately 0.81% of KVH Industries worth $1,473,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 54.40% of the company’s stock.
KVH Industries Company Profile
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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