Global Eagle Entertainment Inc (NASDAQ:ENT) has been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating, one has given a hold rating and one has given a strong buy rating to the company.
Brokers have set a one year consensus price objective of $2.88 for the company and are predicting that the company will post ($0.28) earnings per share for the current quarter, according to Zacks. Zacks has also given Global Eagle Entertainment an industry rank of 208 out of 255 based on the ratings given to its competitors.
ENT has been the subject of several recent research reports. Zacks Investment Research upgraded Global Eagle Entertainment from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Tuesday, July 17th. BidaskClub upgraded Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Finally, ValuEngine upgraded Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th.
Shares of NASDAQ ENT opened at $2.18 on Tuesday. Global Eagle Entertainment has a fifty-two week low of $0.87 and a fifty-two week high of $3.59. The stock has a market capitalization of $208.12 million, a price-to-earnings ratio of -1.11 and a beta of 1.81. The company has a debt-to-equity ratio of -8.01, a current ratio of 0.96 and a quick ratio of 0.82.
Global Eagle Entertainment (NASDAQ:ENT) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 42.86%. The firm had revenue of $165.96 million during the quarter, compared to analysts’ expectations of $161.11 million. equities analysts anticipate that Global Eagle Entertainment will post -1.47 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. LMR Partners LLP acquired a new stake in shares of Global Eagle Entertainment in the second quarter worth approximately $232,000. Tenzing Global Management LLC acquired a new stake in shares of Global Eagle Entertainment in the second quarter worth approximately $3,276,000. Engineers Gate Manager LP acquired a new stake in shares of Global Eagle Entertainment in the second quarter worth approximately $153,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Global Eagle Entertainment in the second quarter worth approximately $2,100,000. Finally, Millennium Management LLC boosted its stake in Global Eagle Entertainment by 1,125.4% during the first quarter. Millennium Management LLC now owns 178,314 shares of the company’s stock worth $262,000 after buying an additional 163,762 shares during the last quarter. 72.16% of the stock is currently owned by institutional investors.
About Global Eagle Entertainment
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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