Gogo (GOGO) Expected to Announce Earnings on Friday

Gogo (NASDAQ:GOGO - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Friday, May 9th. Analysts expect Gogo to post earnings of $0.05 per share and revenue of $214.93 million for the quarter. Gogo has set its FY 2025 guidance at EPS.

Gogo (NASDAQ:GOGO - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business's quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, analysts expect Gogo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gogo Stock Up 2.0 %

Shares of Gogo stock traded up $0.15 during midday trading on Wednesday, reaching $7.67. 27,652 shares of the company's stock traded hands, compared to its average volume of 1,186,999. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 17.80 and a beta of 0.93. The company's 50 day simple moving average is $7.43 and its 200 day simple moving average is $7.69. Gogo has a 52 week low of $6.17 and a 52 week high of $11.00.

Analysts Set New Price Targets

Several brokerages recently commented on GOGO. StockNews.com downgraded shares of Gogo from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Roth Mkm reduced their target price on Gogo from $15.50 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 17th.

Insider Activity

In related news, Director Oakleigh Thorne acquired 30,173 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $6.57 per share, with a total value of $198,236.61. Following the acquisition, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. The trade was a 4.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 26.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC boosted its stake in Gogo Inc. (NASDAQ:GOGO - Free Report) by 69.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,000 shares of the technology company's stock after purchasing an additional 6,978 shares during the quarter. Brighton Jones LLC's holdings in Gogo were worth $138,000 as of its most recent SEC filing. Institutional investors and hedge funds own 69.60% of the company's stock.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.