Analysts Anticipate Global Eagle Entertainment Inc (ENT) to Post -$0.39 EPS

Wall Street brokerages expect Global Eagle Entertainment Inc (NASDAQ:ENT) to report earnings per share of ($0.39) for the current quarter, according to Zacks. Two analysts have made estimates for Global Eagle Entertainment’s earnings. The highest EPS estimate is ($0.38) and the lowest is ($0.40). Global Eagle Entertainment posted earnings of ($0.32) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.9%. The business is expected to announce its next earnings report on Monday, April 1st.

On average, analysts expect that Global Eagle Entertainment will report full year earnings of ($1.79) per share for the current fiscal year, with EPS estimates ranging from ($1.79) to ($1.78). For the next year, analysts expect that the firm will report earnings of ($1.18) per share, with EPS estimates ranging from ($1.46) to ($0.90). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Global Eagle Entertainment.

Global Eagle Entertainment (NASDAQ:ENT) last released its earnings results on Thursday, November 8th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.19). The firm had revenue of $164.03 million for the quarter, compared to analyst estimates of $168.65 million. Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 40.53%.

A number of research analysts have weighed in on ENT shares. Zacks Investment Research raised 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 report on Saturday, September 29th. Canaccord Genuity reissued a “hold” rating and set a $0.20 target price on shares of Global Eagle Entertainment in a research report on Thursday. Finally, ValuEngine lowered shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating, Global Eagle Entertainment currently has a consensus rating of “Hold” and an average target price of $1.60.

Global Eagle Entertainment stock traded up $0.12 on Friday, reaching $2.46. 91,760 shares of the stock were exchanged, compared to its average volume of 535,333. The firm has a market cap of $214.57 million, a price-to-earnings ratio of -1.24 and a beta of 1.67. Global Eagle Entertainment has a twelve month low of $0.87 and a twelve month high of $3.22.

Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in shares of Global Eagle Entertainment during the second quarter valued at about $153,000. Jane Street Group LLC acquired a new position in shares of Global Eagle Entertainment during the second quarter valued at about $161,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Global Eagle Entertainment by 226.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 75,000 shares of the company’s stock valued at $189,000 after buying an additional 52,000 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Global Eagle Entertainment during the second quarter valued at about $232,000. Finally, Alpine Global Management LLC acquired a new position in shares of Global Eagle Entertainment during the second quarter valued at about $264,000. 70.80% of the stock is owned by institutional investors and hedge funds.

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.

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