KVH Industries, Inc. (NASDAQ:KVHI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.19. The company issued revenue guidance of $39-42 million, compared to the consensus revenue estimate of $51.10 million.

Shares of KVH Industries, Inc. (NASDAQ KVHI) opened at $11.05 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.81 and a debt-to-equity ratio of 0.43.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.20. The business had revenue of $40.50 million for the quarter, compared to analyst estimates of $40.55 million. KVH Industries had a negative return on equity of 1.10% and a negative net margin of 9.77%. KVH Industries’s revenue was down 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. analysts expect that KVH Industries, Inc. will post -0.03 EPS for the current fiscal year.

Several analysts recently weighed in on KVHI shares. Zacks Investment Research lowered KVH Industries from a buy rating to a hold rating in a research note on Thursday, October 19th. Needham & Company LLC reaffirmed a buy rating on shares of KVH Industries in a research note on Friday.

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A hedge fund recently raised its stake in KVH Industries stock. State Street Corp boosted its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,550 shares of the communications equipment provider’s stock after buying an additional 15,506 shares during the quarter. State Street Corp owned approximately 1.57% of KVH Industries worth $2,540,000 at the end of the most recent reporting period. 61.14% of the stock is owned by institutional investors and hedge funds.

About KVH Industries

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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