KVH Industries, Inc. (NASDAQ:KVHI) Releases Q3 Earnings Guidance

KVH Industries, Inc. (NASDAQ:KVHI) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.01-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $41-43 million, compared to the consensus revenue estimate of $45.41 million.KVH Industries also updated its FY17 guidance to $0.07-0.27 EPS.

Shares of KVH Industries, Inc. (NASDAQ KVHI) opened at 11.20 on Friday. KVH Industries, Inc. has a one year low of $7.50 and a one year high of $12.75. The stock’s market capitalization is $191.39 million. The stock’s 50 day moving average is $10.24 and its 200-day moving average is $9.36.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.20. KVH Industries had a negative net margin of 6.35% and a positive return on equity of 1.85%. The business had revenue of $40.50 million for the quarter, compared to analyst estimates of $40.55 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue was down 12.0% on a year-over-year basis. On average, equities research analysts predict that KVH Industries, Inc. will post $0.12 EPS for the current fiscal year.

Several brokerages recently commented on KVHI. TheStreet upgraded shares of KVH Industries from a d+ rating to a c- rating in a research note on Wednesday, June 7th. Needham & Company LLC reiterated a buy rating and set a $10.00 price target on shares of KVH Industries in a research note on Friday, May 12th. Finally, Zacks Investment Research upgraded shares of KVH Industries from a sell rating to a hold rating in a research note on Tuesday, May 30th.

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KVH Industries Company Profile

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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