Media headlines about KVH Industries (NASDAQ:KVHI) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KVH Industries earned a daily sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave media stories about the communications equipment provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
A number of analysts have recently weighed in on KVHI shares. Zacks Investment Research lowered KVH Industries from a “hold” rating to a “sell” rating in a research report on Thursday, March 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of KVH Industries in a research report on Friday, March 3rd. TheStreet lowered KVH Industries from a “c” rating to a “d+” rating in a research report on Thursday, March 2nd. Finally, Raymond James Financial, Inc. lowered KVH Industries from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $11.00 to $9.00 in a research report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. KVH Industries has an average rating of “Hold” and an average target price of $10.06.
KVH Industries (NASDAQ:KVHI) traded up 1.85% during mid-day trading on Thursday, hitting $8.25. The stock had a trading volume of 54,710 shares. KVH Industries has a one year low of $7.31 and a one year high of $12.75. The company’s market cap is $139.44 million. The company has a 50 day moving average price of $8.15 and a 200-day moving average price of $9.64.
KVH Industries (NASDAQ:KVHI) last released its earnings results on Thursday, March 2nd. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company earned $43.90 million during the quarter, compared to the consensus estimate of $42.81 million. KVH Industries had a return on equity of 7.10% and a net margin of 1.81%. KVH Industries’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Equities analysts expect that KVH Industries will post $0.06 earnings per share for the current fiscal year.
In other news, CEO Van Heyningen Martin Kits sold 29,694 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $10.00, for a total value of $296,940.00. Following the completion of the sale, the chief executive officer now owns 619,770 shares of the company’s stock, valued at approximately $6,197,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Van Heyningen Robert Wb Kits sold 19,542 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $10.44, for a total transaction of $204,018.48. Following the completion of the sale, the vice president now directly owns 226,340 shares of the company’s stock, valued at approximately $2,362,989.60. The disclosure for this sale can be found here. Insiders sold a total of 106,942 shares of company stock valued at $1,080,317 in the last three months. Insiders own 11.10% of the company’s stock.
About KVH Industries
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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