Gogo (GOGO) Issues Quarterly Earnings Results
Gogo (NASDAQ:GOGO) released its quarterly earnings data on Thursday. The technology company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.04), Morningstar.com reports. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $181.44 million. Gogo’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the business posted ($0.34) earnings per share.
Shares of Gogo (NASDAQ:GOGO) traded down $0.25 on Friday, hitting $8.88. 3,220,000 shares of the stock traded hands, compared to its average volume of 1,241,213. Gogo has a 52-week low of $8.52 and a 52-week high of $14.76. The stock has a market cap of $792.89, a PE ratio of -4.09 and a beta of 1.45. The company has a debt-to-equity ratio of -6.40, a current ratio of 2.20 and a quick ratio of 2.02.
Several research firms have issued reports on GOGO. JPMorgan Chase & Co. cut shares of Gogo from an “overweight” rating to a “neutral” rating in a research report on Friday. ValuEngine raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. William Blair reaffirmed a “buy” rating on shares of Gogo in a research report on Thursday, February 15th. Finally, BidaskClub raised shares of Gogo from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.35.
Gogo Company Profile
Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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