Wall Street analysts predict that Gogo Inc. (NASDAQ:GOGO – Get Rating) will post sales of $89.42 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Gogo’s earnings, with the highest sales estimate coming in at $94.20 million and the lowest estimate coming in at $83.20 million. Gogo posted sales of $73.87 million during the same quarter last year, which suggests a positive year over year growth rate of 21.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Gogo will report full year sales of $385.53 million for the current year, with estimates ranging from $382.62 million to $387.50 million. For the next year, analysts expect that the firm will post sales of $431.70 million, with estimates ranging from $417.32 million to $446.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Gogo.
Gogo (NASDAQ:GOGO – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.08. Gogo had a net margin of 45.49% and a negative return on equity of 6.09%. The business had revenue of $92.30 million during the quarter, compared to the consensus estimate of $89.28 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year.
GOGO opened at $23.02 on Thursday. Gogo has a twelve month low of $9.61 and a twelve month high of $23.66. The company has a 50-day moving average price of $16.51 and a 200 day moving average price of $15.11. The company has a market cap of $2.55 billion, a PE ratio of 23.98 and a beta of 1.05.
Several large investors have recently bought and sold shares of GOGO. Metropolitan Life Insurance Co NY acquired a new stake in Gogo during the 1st quarter worth approximately $73,000. SG Americas Securities LLC lifted its holdings in Gogo by 264.1% during the 3rd quarter. SG Americas Securities LLC now owns 33,823 shares of the technology company’s stock worth $585,000 after buying an additional 24,533 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Gogo during the 3rd quarter worth approximately $186,000. Russell Investments Group Ltd. lifted its holdings in Gogo by 304.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 321,140 shares of the technology company’s stock worth $5,555,000 after buying an additional 241,823 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Gogo by 16.0% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the technology company’s stock worth $1,886,000 after buying an additional 15,000 shares in the last quarter. 69.44% of the stock is owned by hedge funds and other institutional investors.
Gogo Company Profile (Get Rating)
Gogo Inc, through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services.
- Get a free copy of the StockNews.com research report on Gogo (GOGO)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Ross Stores On The Verge Of Major Rally
- Greenbrier Companies Stock has Green in its Future
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gogo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo and related companies with MarketBeat.com's FREE daily email newsletter.