Global Eagle Entertainment (ENT) Announces Quarterly Earnings Results

Global Eagle Entertainment (NASDAQ:ENT) posted its earnings results on Tuesday. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01), Fidelity Earnings reports. The business had revenue of $166.62 million for the quarter, compared to analysts’ expectations of $156.24 million.

Shares of NASDAQ:ENT opened at $0.79 on Wednesday. Global Eagle Entertainment has a 52-week low of $0.50 and a 52-week high of $3.16. The stock has a market capitalization of $83.06 million, a PE ratio of -0.30 and a beta of 1.35.

ENT has been the topic of several research analyst reports. Zacks Investment Research downgraded Global Eagle Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Northland Securities set a $5.00 price target on Global Eagle Entertainment and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, William Blair downgraded Global Eagle Entertainment from a “market perform” rating to an “underperform” rating and set a $1.16 price target on the stock. in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Global Eagle Entertainment has an average rating of “Hold” and a consensus price target of $3.05.

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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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Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

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