Global Eagle Entertainment (ENT) Getting Somewhat Favorable News Coverage, Accern Reports
Media headlines about Global Eagle Entertainment (NASDAQ:ENT) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Global Eagle Entertainment earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.0842291051282 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Comparing Towerstream (TWER) & Global Eagle Entertainment (ENT) (americanbankingnews.com)
- An Intrinsic Calculation For Global Eagle Entertainment Inc (NASDAQ:ENT) Shows It’s 30.51% Undervalued (finance.yahoo.com)
- Edited Transcript of ENT earnings conference call or presentation 9-Aug-18 9:00pm GMT (finance.yahoo.com)
- Financial Analysis: Towerstream (TWER) versus Global Eagle Entertainment (ENT) (americanbankingnews.com)
- Musician/Singer A. R. Rahman Captivates Thousands in Sensational Concerts in California (indiawest.com)
A number of brokerages have recently issued reports on ENT. BidaskClub upgraded shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Tuesday, July 17th. Finally, ValuEngine cut shares of Global Eagle Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $3.25.
Global Eagle Entertainment (NASDAQ:ENT) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The business had revenue of $165.96 million for the quarter, compared to analyst estimates of $161.11 million. Global Eagle Entertainment had a negative net margin of 42.86% and a negative return on equity of 370.92%. equities research analysts anticipate that Global Eagle Entertainment will post -1.47 earnings per share for the current fiscal year.
In other Global Eagle Entertainment news, Director Jeffrey Sagansky acquired 25,000 shares of Global Eagle Entertainment stock in a transaction dated Friday, June 1st. The stock was purchased at an average cost of $2.38 per share, for a total transaction of $59,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
Global Eagle Entertainment Company Profile
Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry 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.
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