Analysts await RigNet, Inc. (NASDAQ:RNET) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.07 EPS, down 157.14% or $0.11 from last year’s $0.18 per share.

At the moment 6 analysts are watching RigNet, Inc. (NASDAQ:RNET), 2 rate it “Buy”, 0 “Outperform”, 4 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 6 analysts have a mean sales target of 57.72 million. For the quarter ending Sep-16, 6 analysts have a mean sales target of 56.78 million whilst for the year ending Dec-16, 6 analysts have a mean target of 229.97 million.

In terms of earnings per share, 6 analysts have a 0.06 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 6 analysts have a 0.06 EPS mean target and for the quarter ending Sep-16 there are 6 estimates of 0.25 EPS.

The biggest institutional shareholders in RigNet, Inc. include Kohlberg Kravis Roberts & Co LP which owns 5 million shares in the company valued at $98.28 million. Arrowpoint Asset Management, LLC is the second biggest holder with 2 million shares currently valued at 49.17 million whilst Franklin Advisers, Inc. has 2 million shares valued at 35.17 million.

Total shares held by institutions as of the most recent company filings are 18,291,770 with a reported 540,773 bought and 3,311,258 sold. These holdings make up 88.24% of the company’s outstanding shares.

Currently insiders hold 604,956 shares in the business which makes up 3.41% of shares. The biggest holder currently is Mr. Omar Kulbrandstad who owns 247,948 shares (1.40% of those outstanding), whilst Mr. Mark Slaughter holds 74,435 (0.42% of shares outstanding) and Mr. Charles L. Davis holds 45,906 (0.26% of shares outstanding).

The stock decreased 0.92% or $0.14 during the last trading session.