Equities analysts forecast that Global Eagle Entertainment Inc (NASDAQ:ENT) will post earnings per share (EPS) of ($0.39) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Global Eagle Entertainment’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.37). Global Eagle Entertainment reported earnings per share of ($0.47) in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The company is expected to issue its next earnings results on Thursday, November 14th.

On average, analysts expect that Global Eagle Entertainment will report full-year earnings of ($1.60) per share for the current financial year, with EPS estimates ranging from ($1.62) to ($1.57). For the next year, analysts anticipate that the firm will post earnings of ($1.36) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Global Eagle Entertainment.

Global Eagle Entertainment (NASDAQ:ENT) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.09). The firm had revenue of $157.47 million for the quarter, compared to the consensus estimate of $165.53 million.

A number of research firms recently weighed in on ENT. Zacks Investment Research lowered shares of Global Eagle Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Northland Securities reaffirmed a “buy” rating and set a $1.50 target price on shares of Global Eagle Entertainment in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $1.14.

Global Eagle Entertainment stock traded up $0.02 during midday trading on Friday, reaching $0.65. 18,632 shares of the stock were exchanged, compared to its average volume of 242,088. The company’s fifty day moving average is $0.69 and its 200-day moving average is $1.15. The firm has a market cap of $58.29 million, a PE ratio of -0.25 and a beta of 1.32. Global Eagle Entertainment has a 52 week low of $0.42 and a 52 week high of $3.05.

In related news, Director Ronald Steger purchased 200,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of $0.50 per share, with a total value of $100,000.00. Following the purchase, the director now directly owns 209,379 shares in the company, valued at $104,689.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Par Investment Partners Lp sold 28,981,072 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $0.25, for a total transaction of $7,245,268.00. The disclosure for this sale can be found here. Insiders have purchased a total of 5,651,012 shares of company stock worth $1,851,710 in the last ninety days. 8.70% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ENT. Jacobs Levy Equity Management Inc. raised its holdings in Global Eagle Entertainment by 103.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 423,649 shares of the company’s stock valued at $275,000 after buying an additional 215,041 shares during the last quarter. Tenzing Global Management LLC raised its holdings in Global Eagle Entertainment by 46.7% in the 2nd quarter. Tenzing Global Management LLC now owns 1,100,000 shares of the company’s stock worth $715,000 after purchasing an additional 350,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Global Eagle Entertainment by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,225,451 shares of the company’s stock worth $797,000 after purchasing an additional 24,787 shares in the last quarter. BlackRock Inc. increased its stake in shares of Global Eagle Entertainment by 0.5% in the 4th quarter. BlackRock Inc. now owns 866,717 shares of the company’s stock worth $1,933,000 after acquiring an additional 4,306 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Global Eagle Entertainment by 5.0% in the 1st quarter. Frontier Capital Management Co. LLC now owns 5,934,107 shares of the company’s stock worth $4,210,000 after acquiring an additional 282,368 shares in the last quarter. 74.05% of the stock is owned by institutional investors and hedge funds.

Global Eagle Entertainment Company Profile

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

Further Reading: What is a Reverse Stock Split?

Get a free copy of the Zacks research report on Global Eagle Entertainment (ENT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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