KVH Industries (NASDAQ:KVHI) updated its second quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-0.05–0.04 for the period, compared to the Thomson Reuters consensus estimate of $-0.03. KVH Industries also updated its FY 2019 guidance to $-0.23–0.05 EPS.
Several equities research analysts have recently weighed in on the company. B. Riley set a $15.00 price target on KVH Industries and gave the company a buy rating in a research report on Monday. Chardan Capital set a $20.00 price target on KVH Industries and gave the company a buy rating in a research report on Tuesday. Zacks Investment Research cut KVH Industries from a buy rating to a hold rating in a research report on Friday, May 10th. Raymond James decreased their price target on KVH Industries from $13.00 to $11.00 and set an outperform rating on the stock in a research report on Monday, May 6th. Finally, Needham & Company LLC reiterated a buy rating and set a $13.00 price target (down from $14.00) on shares of KVH Industries in a research report on Friday, May 3rd. 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 has an average rating of Buy and an average price target of $14.00.
Shares of KVHI traded down $0.08 during midday trading on Thursday, hitting $9.94. 16,883 shares of the company traded hands, compared to its average volume of 30,351. KVH Industries has a one year low of $9.16 and a one year high of $14.15. The stock has a market cap of $178.80 million, a PE ratio of -82.83 and a beta of 0.76. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.
In related news, insider Robert J. Balog sold 2,379 shares of the company’s 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 transaction, the insider now directly owns 80,498 shares in the company, valued at $926,531.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Woodhead sold 2,347 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total transaction of $27,013.97. Following the completion of the transaction, the executive vice president now owns 37,831 shares in the company, valued at $435,434.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,542 shares of company stock worth $311,346. Company insiders own 11.30% of the company’s stock.
An institutional investor recently raised its position in KVH Industries stock. Geode Capital Management LLC increased its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,197 shares of the communications equipment provider’s stock after purchasing an additional 7,300 shares during the period. Geode Capital Management LLC owned approximately 0.81% of KVH Industries worth $1,473,000 as of its most recent SEC filing. Institutional investors and hedge funds own 54.40% of the company’s stock.
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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