Analysts expect KVH Industries, Inc. (NASDAQ:KVHI) to report $40.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for KVH Industries’ earnings, with the lowest sales estimate coming in at $39.64 million and the highest estimate coming in at $40.92 million. KVH Industries reported sales of $43.52 million during the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The firm is scheduled to announce its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that KVH Industries will report full-year sales of $158.39 million for the current fiscal year, with estimates ranging from $157.00 million to $160.60 million. For the next financial year, analysts anticipate that the firm will report sales of $175.31 million, with estimates ranging from $173.30 million to $177.63 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover KVH Industries.
KVH Industries (NASDAQ:KVHI) last issued its earnings results on Friday, August 2nd. The communications equipment provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.06). KVH Industries had a negative return on equity of 6.13% and a net margin of 22.83%. The firm had revenue of $41.00 million during the quarter, compared to the consensus estimate of $40.32 million.
In other KVH Industries news, CMO Elizabeth Jackson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $10.10, for a total transaction of $25,250.00. Following the sale, the chief marketing officer now directly owns 31,552 shares of the company’s stock, valued at $318,675.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 5,954 shares of company stock worth $59,134 over the last three months. 11.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Systematic Financial Management LP increased its position in KVH Industries by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 1,762,943 shares of the communications equipment provider’s stock valued at $19,163,000 after buying an additional 17,240 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of KVH Industries by 18.6% in the 2nd quarter. Wells Fargo & Company MN now owns 29,941 shares of the communications equipment provider’s stock worth $325,000 after purchasing an additional 4,685 shares in the last quarter. Delek Group Ltd. bought a new stake in shares of KVH Industries in the 2nd quarter worth $649,000. Panagora Asset Management Inc. grew its holdings in shares of KVH Industries by 1,464.8% in the second quarter. Panagora Asset Management Inc. now owns 20,561 shares of the communications equipment provider’s stock worth $223,000 after acquiring an additional 19,247 shares during the period. Finally, Pitcairn Co. grew its holdings in shares of KVH Industries by 11.8% in the second quarter. Pitcairn Co. now owns 25,482 shares of the communications equipment provider’s stock worth $277,000 after acquiring an additional 2,681 shares during the period. 56.30% of the stock is currently owned by institutional investors.
Shares of KVHI stock traded down $0.17 during trading hours on Thursday, hitting $9.99. The stock had a trading volume of 25,249 shares, compared to its average volume of 36,074. KVH Industries has a one year low of $8.64 and a one year high of $12.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.50 and a quick ratio of 2.02. The stock’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $9.92. The stock has a market capitalization of $183.16 million, a price-to-earnings ratio of -83.25 and a beta of 0.92.
About KVH Industries
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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