KVH Industries (NASDAQ:KVHI) Announces Quarterly Earnings Results

Key Points

• KVH reported quarterly EPS of $0.02, matching estimates, and revenue of $30.52 million which topped analysts' $29.34 million, though the company remains unprofitable with a negative ROE (−5.32%) and net margin (−11.19%).
• Major shareholder Bradley Louis Radoff bought 30,000 shares at $6.26, increasing his stake to 2,180,000 shares, and insiders now own about 21.10% of the company.
• Despite the quarter, the Wall Street consensus is a "Sell", while institutional investors hold roughly 73.66% of the stock, with several firms recently adding or initiating positions.

KVH Industries (NASDAQ:KVHI - Get Free Report) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02, FiscalAI reports. KVH Industries had a negative return on equity of 5.32% and a negative net margin of 11.19%.The firm had revenue of $30.52 million for the quarter, compared to analysts' expectations of $29.34 million.

KVH Industries Stock Performance

KVH Industries stock opened at $6.07 on Tuesday. The stock has a market cap of $118.79 million, a P/E ratio of -9.79 and a beta of 0.72. KVH Industries has a fifty-two week low of $4.69 and a fifty-two week high of $7.71. The firm's fifty day moving average price is $6.63 and its 200-day moving average price is $6.20.

Insider Buying and Selling

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 30,000 shares of the stock in a transaction on Thursday, February 12th. The shares were purchased at an average price of $6.26 per share, with a total value of $187,800.00. Following the acquisition, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. The trade was a 1.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in KVH Industries during the fourth quarter valued at approximately $102,000. NewEdge Advisors LLC increased its holdings in shares of KVH Industries by 96.1% in the 4th quarter. NewEdge Advisors LLC now owns 31,566 shares of the communications equipment provider's stock worth $220,000 after buying an additional 15,469 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of KVH Industries by 126.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 145,284 shares of the communications equipment provider's stock worth $1,013,000 after buying an additional 81,252 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of KVH Industries during the 4th quarter valued at $86,000. Finally, Marshall Wace LLP bought a new stake in shares of KVH Industries during the 4th quarter worth $239,000. 73.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KVHI has been the subject of several analyst reports. Wall Street Zen raised shares of KVH Industries to a "hold" rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of KVH Industries in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, KVH Industries presently has a consensus rating of "Sell".

KVH Industries Company Profile

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.

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