Global Eagle Entertainment (NASDAQ:ENT) Issues Earnings Results, Misses Estimates By $0.06 EPS

Global Eagle Entertainment (NASDAQ:ENT) announced its quarterly earnings data on Thursday. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.06), Fidelity Earnings reports. The company had revenue of $169.89 million for the quarter, compared to analysts’ expectations of $159.33 million.

ENT stock traded down $0.04 during trading hours on Friday, hitting $0.59. The company’s stock had a trading volume of 1,027,600 shares, compared to its average volume of 593,243. The company has a market capitalization of $57.55 million, a PE ratio of -0.23 and a beta of 1.16. The stock has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $0.71. Global Eagle Entertainment has a 12 month low of $0.42 and a 12 month high of $2.80.

In other Global Eagle Entertainment news, CFO David B. Wyshner purchased 2,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $50.37 per share, with a total value of $100,740.00. Also, Director Ronald Steger purchased 50,000 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $0.66 per share, for a total transaction of $33,000.00. Following the acquisition, the director now directly owns 309,379 shares in the company, valued at $204,190.14. The disclosure for this purchase can be found here. Insiders acquired a total of 102,000 shares of company stock worth $164,990 in the last three months. Insiders own 8.70% of the company’s stock.

A number of brokerages recently commented on ENT. ValuEngine downgraded shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Northland Securities reaffirmed a “buy” rating and set a $1.50 price objective on shares of Global Eagle Entertainment in a research report on Friday, August 9th. Finally, Zacks Investment Research downgraded shares of Global Eagle Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Global Eagle Entertainment presently has an average rating of “Hold” and an average target price of $1.14.

About Global Eagle Entertainment

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets 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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Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

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