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.
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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