KVH Industries (NASDAQ:KVHI) Issues Quarterly Earnings Results

KVH Industries (NASDAQ:KVHI) posted its quarterly earnings results on Thursday. The communications equipment provider reported ($0.07) earnings per share for the quarter, Zacks reports. The business had revenue of $28.67 million during the quarter. KVH Industries had a negative return on equity of 0.98% and a negative net margin of 14.54%. KVH Industries updated its FY 2024 guidance to EPS.

KVH Industries Price Performance

Shares of NASDAQ:KVHI traded down $0.08 during trading on Friday, hitting $4.50. 180,667 shares of the company were exchanged, compared to its average volume of 103,602. The stock has a market capitalization of $88.74 million, a P/E ratio of -4.69 and a beta of 0.61. KVH Industries has a 12-month low of $4.17 and a 12-month high of $8.80. The firm’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KVH Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

KVH Industries Company Profile

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.