SeaChange International (NASDAQ:SEAC) Releases Earnings Results, Beats Expectations By $0.02 EPS

SeaChange International (NASDAQ:SEAC) announced its quarterly earnings data on Wednesday. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02, MarketWatch Earnings reports. SeaChange International had a negative net margin of 98.91% and a negative return on equity of 49.90%.

Shares of SEAC stock opened at $1.23 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $59.53 million, a price-to-earnings ratio of -2.12 and a beta of 0.80. The stock’s 50-day moving average is $1.18. SeaChange International has a 1-year low of $0.69 and a 1-year high of $2.15.

In related news, Chairman Robert M. Pons bought 100,000 shares of the stock in a transaction on Monday, April 19th. The stock was bought at an average price of $1.04 per share, with a total value of $104,000.00. Following the completion of the purchase, the chairman now directly owns 407,815 shares in the company, valued at approximately $424,127.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

A number of brokerages recently issued reports on SEAC. Zacks Investment Research lowered shares of SeaChange International from a “hold” rating to a “sell” rating in a report on Saturday, April 17th. Aegis began coverage on shares of SeaChange International in a report on Monday, May 3rd. They issued a “buy” rating and a $3.00 price objective for the company.

SeaChange International Company Profile

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; MediaMaker, an OTT video cloud platform that enables operators, broadcasters, media companies, and content owners to ingest, manage, monetize, and distribute their content across networks and devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices.

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Earnings History for SeaChange International (NASDAQ:SEAC)

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