Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Global Eagle Entertainment Inc. (NASDAQ:ENT) To Report Earnings

Analysts await Global Eagle Entertainment Inc. (NASDAQ:ENT) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $-0.03 EPS, up 100% or $0.03 from last year’s $-0.06 per share.

At the moment 8 analysts are watching Global Eagle Entertainment Inc. (NASDAQ:ENT), 1 rate it “Buy”, 5 “Outperform”, 2 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 7 analysts have a mean sales target of 116.09 million. For the quarter ending Sep-16, 7 analysts have a mean sales target of 123.96 million whilst for the year ending Dec-16, 7 analysts have a mean target of 478.66 million.

In terms of earnings per share, 8 analysts have a 0.01 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 8 analysts have a 0.02 EPS mean target and for the quarter ending Sep-16 there are 7 estimates of 0.08 EPS.

The biggest institutional shareholders in Global Eagle Entertainment Inc. include Par Capital Management Inc which owns 29 million shares in the company valued at $286.04 million. Frontier Capital Management CO Inc is the second biggest holder with 6 million shares currently valued at 55.43 million whilst Putnam Investment Management,LLC has 5 million shares valued at 52.62 million.

Total shares held by institutions as of the most recent company filings are 74,626,697 with a reported 4,004,873 bought and 4,464,529 sold. These holdings make up 94.9% of the company’s outstanding shares.

Currently insiders hold 1,336,149 shares in the business which makes up 1.70% of shares. The biggest holder currently is Mr. Jeffrey Sagansky who owns 748,631 shares (0.95% of those outstanding), whilst John W. Lavalle holds 217,022 (0.28% of shares outstanding) and David M. Davis holds 114,255 (0.15% of shares outstanding).

The stock increased 0.50% or $0.04 during the last trading session, hitting $10.04. Global Eagle Entertainment Inc. (NASDAQ:ENT) has fallen 17.83% over the past 6 months and is downtrending.

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