KVH Industries (KVHI) Releases FY 2019 Earnings Guidance

KVH Industries (NASDAQ:KVHI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.23–0.05 for the period, compared to the Thomson Reuters consensus estimate of $-0.05. KVH Industries also updated its FY19 guidance to (0.05) EPS.

KVH Industries stock traded up $0.05 during trading hours on Thursday, hitting $9.96. 1,357 shares of the company traded hands, compared to its average volume of 30,351. The stock has a market cap of $178.80 million, a price-to-earnings ratio of -82.92 and a beta of 0.76. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. KVH Industries has a 1-year low of $9.16 and a 1-year high of $14.15.

KVH Industries (NASDAQ:KVHI) last released its earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) EPS for the quarter. The company had revenue of $43.75 million for the quarter, compared to analyst estimates of $46.08 million. KVH Industries had a negative net margin of 6.16% and a negative return on equity of 4.30%. Research analysts expect that KVH Industries will post -0.27 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on KVHI shares. B. Riley started coverage on shares of KVH Industries in a research report on Wednesday, March 6th. They set a buy rating and a $15.00 price objective for the company. ValuEngine cut shares of KVH Industries from a buy rating to a hold rating in a report on Tuesday, March 5th. Raymond James set a $13.00 target price on shares of KVH Industries and gave the stock a buy rating in a report on Tuesday, March 5th. Needham & Company LLC reiterated a buy rating and issued a $13.00 target price (down from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Finally, Chardan Capital set a $20.00 target price on shares of KVH Industries and gave the stock a buy rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $14.00.

In other news, insider Robert J. Balog sold 2,379 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total value of $27,382.29. Following the completion of the sale, the insider now directly owns 80,498 shares of the company’s stock, valued at $926,531.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Van Heyningen Martin Kits sold 3,293 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $10.21, for a total transaction of $33,621.53. Following the completion of the sale, the chief executive officer now directly owns 809,567 shares of the company’s stock, valued at $8,265,679.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,542 shares of company stock valued at $311,346. Corporate insiders own 11.30% of the company’s stock.

An institutional investor recently raised its position in KVH Industries stock. Geode Capital Management LLC lifted its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,197 shares of the communications equipment provider’s stock after purchasing an additional 7,300 shares during the quarter. Geode Capital Management LLC owned 0.81% of KVH Industries worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 54.40% of the company’s stock.

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KVH Industries Company Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

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Earnings History and Estimates for KVH Industries (NASDAQ:KVHI)

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