SeaChange International (NASDAQ:SEAC) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

SeaChange International (NASDAQ:SEAC) issued its quarterly earnings data on Wednesday. The software maker reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02, MarketWatch Earnings reports. SeaChange International had a negative net margin of 98.91% and a negative return on equity of 49.90%.

NASDAQ:SEAC opened at $1.23 on Friday. SeaChange International has a one year low of $0.69 and a one year high of $2.15. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $59.53 million, a P/E ratio of -2.12 and a beta of 0.80. The stock’s 50 day simple moving average is $1.18.

Several research analysts have recently issued reports on SEAC shares. Aegis began coverage on shares of SeaChange International in a report on Monday, May 3rd. They set a “buy” rating and a $3.00 price target for the company. Zacks Investment Research cut SeaChange International from a “hold” rating to a “sell” rating in a report on Saturday, April 17th.

In other SeaChange International news, Chairman Robert M. Pons purchased 100,000 shares of the company’s stock in a transaction dated Monday, April 19th. The stock was purchased at an average price of $1.04 per share, with a total value of $104,000.00. Following the completion of the purchase, the chairman now owns 407,815 shares of the company’s stock, valued at $424,127.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

SeaChange International Company Profile

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; MediaMaker, an OTT video cloud platform that enables operators, broadcasters, media companies, and content owners to ingest, manage, monetize, and distribute their content across networks and devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices.

Featured Story: How much money do you need to begin day trading?

Earnings History for SeaChange International (NASDAQ:SEAC)

Receive News & Ratings for SeaChange International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaChange International and related companies with MarketBeat.com's FREE daily email newsletter.