KVH Industries (KVHI) Set to Announce Earnings on Tuesday

KVH Industries (NASDAQ:KVHIGet Rating) is scheduled to announce its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. KVH Industries has set its FY 2022 guidance at EPS.

KVH Industries (NASDAQ:KVHIGet Rating) last posted its quarterly earnings data on Monday, March 7th. The communications equipment provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07). KVH Industries had a negative return on equity of 7.50% and a negative net margin of 5.68%. The firm had revenue of $43.13 million for the quarter, compared to analysts’ expectations of $41.90 million. During the same quarter last year, the firm posted $0.03 earnings per share. On average, analysts expect KVH Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:KVHI opened at $8.13 on Thursday. KVH Industries has a 12 month low of $7.86 and a 12 month high of $14.73. The stock has a 50 day moving average of $8.81 and a two-hundred day moving average of $9.28. The firm has a market cap of $153.49 million, a P/E ratio of -15.34 and a beta of 0.70.

In related news, Director Cathy-Ann Martine-Dolecki purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was acquired at an average cost of $9.22 per share, for a total transaction of $92,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 5,050 shares of company stock valued at $46,561 over the last 90 days. Company insiders own 13.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of KVHI. Citigroup Inc. grew its position in KVH Industries by 141.2% in the fourth quarter. Citigroup Inc. now owns 4,171 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 2,442 shares during the period. BNP Paribas Arbitrage SA grew its position in KVH Industries by 120.1% in the third quarter. BNP Paribas Arbitrage SA now owns 4,144 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 2,261 shares during the period. Bank of America Corp DE grew its position in KVH Industries by 30.9% in the fourth quarter. Bank of America Corp DE now owns 18,619 shares of the communications equipment provider’s stock worth $171,000 after acquiring an additional 4,396 shares during the period. Invesco Ltd. grew its position in KVH Industries by 6.5% in the third quarter. Invesco Ltd. now owns 24,449 shares of the communications equipment provider’s stock worth $236,000 after acquiring an additional 1,500 shares during the period. Finally, Morgan Stanley grew its position in KVH Industries by 5.2% in the third quarter. Morgan Stanley now owns 32,712 shares of the communications equipment provider’s stock worth $314,000 after acquiring an additional 1,621 shares during the period. Institutional investors own 65.52% of the company’s stock.

Several equities research analysts have commented on KVHI shares. Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, March 16th. StockNews.com initiated coverage on KVH Industries in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James dropped their price target on KVH Industries from $16.00 to $13.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $12.33.

About KVH Industries (Get Rating)

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 operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services.

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Earnings History for KVH Industries (NASDAQ:KVHI)

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