KVH Industries (NASDAQ:KVHI) Posts Quarterly Earnings Results, Beats Expectations By $0.34 EPS

KVH Industries (NASDAQ:KVHI) issued its quarterly earnings data on Friday. The communications equipment provider reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.34, MarketWatch Earnings reports. The business had revenue of $36.93 million during the quarter, compared to the consensus estimate of $28.30 million. KVH Industries had a net margin of 21.03% and a negative return on equity of 8.20%.

Shares of KVH Industries stock opened at $8.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.03. KVH Industries has a twelve month low of $6.36 and a twelve month high of $11.64. The company’s fifty day moving average is $8.21 and its 200 day moving average is $9.27.

In other KVH Industries news, SVP Felise Feingold sold 3,584 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $9.31, for a total transaction of $33,367.04. Following the completion of the transaction, the senior vice president now owns 44,734 shares in the company, valued at approximately $416,473.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Tavares purchased 10,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $8.96 per share, with a total value of $89,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $179,200. The disclosure for this purchase can be found here. Insiders sold 24,676 shares of company stock valued at $230,214 over the last 90 days. 13.10% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on KVHI. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of KVH Industries in a report on Friday. Zacks Investment Research cut KVH Industries from a “buy” rating to a “hold” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $13.45.

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 for KVH Industries (NASDAQ:KVHI)

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