Equities research analysts predict that KVH Industries, Inc. (NASDAQ:KVHI) will report sales of $41.89 million for the current quarter, Zacks reports. Two analysts have provided estimates for KVH Industries’ earnings, with the highest sales estimate coming in at $42.59 million and the lowest estimate coming in at $41.19 million. KVH Industries reported sales of $43.75 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.3%. The firm is expected to announce its next quarterly earnings report on Friday, March 6th.
On average, analysts expect that KVH Industries will report full year sales of $156.47 million for the current fiscal year, with estimates ranging from $155.77 million to $157.17 million. For the next year, analysts expect that the company will report sales of $170.03 million, with estimates ranging from $166.12 million to $173.93 million. Zacks’ sales calculations are an average based on a survey of research firms that follow KVH Industries.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings data on Wednesday, October 30th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). KVH Industries had a net margin of 21.47% and a negative return on equity of 7.81%. The company had revenue of $39.31 million for the quarter, compared to analysts’ expectations of $40.28 million.
Several brokerages have recently weighed in on KVHI. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of KVH Industries in a report on Monday, November 18th. Zacks Investment Research upgraded KVH Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.00.
Shares of NASDAQ KVHI traded up $0.08 during midday trading on Wednesday, hitting $10.91. The company’s stock had a trading volume of 95,266 shares, compared to its average volume of 25,275. The company has a current ratio of 2.77, a quick ratio of 2.16 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $11.18 and its two-hundred day moving average is $10.36. KVH Industries has a 12-month low of $8.64 and a 12-month high of $11.89. The firm has a market cap of $197.47 million, a P/E ratio of 5.51 and a beta of 0.93.
In other news, CMO Elizabeth Jackson sold 2,297 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $11.36, for a total value of $26,093.92. Following the sale, the chief marketing officer now directly owns 30,938 shares in the company, valued at $351,455.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Woodhead sold 5,486 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $11.45, for a total value of $62,814.70. Following the transaction, the executive vice president now owns 51,508 shares in the company, valued at $589,766.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,035 shares of company stock worth $135,480. Company insiders own 11.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. Rhumbline Advisers increased its holdings in KVH Industries by 8.2% during the 3rd quarter. Rhumbline Advisers now owns 25,422 shares of the communications equipment provider’s stock worth $271,000 after purchasing an additional 1,935 shares during the period. ETF Managers Group LLC increased its holdings in KVH Industries by 22.0% during the 2nd quarter. ETF Managers Group LLC now owns 27,145 shares of the communications equipment provider’s stock worth $280,000 after purchasing an additional 4,890 shares during the period. Parametric Portfolio Associates LLC increased its holdings in KVH Industries by 7.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,987 shares of the communications equipment provider’s stock worth $304,000 after purchasing an additional 1,964 shares during the period. Wells Fargo & Company MN increased its holdings in KVH Industries by 18.6% during 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 during the period. Finally, Phoenix Holdings Ltd. purchased a new position in KVH Industries during the 3rd quarter worth $621,000. Institutional investors own 57.68% of the company’s stock.
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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