Equities research analysts expect Gogo Inc (NASDAQ:GOGO) to report ($0.48) earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Gogo’s earnings, with the highest EPS estimate coming in at ($0.42) and the lowest estimate coming in at ($0.54). Gogo reported earnings per share of ($0.34) during the same quarter last year, which would indicate a negative year over year growth rate of 41.2%. The company is expected to issue its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Gogo will report full year earnings of ($2.12) per share for the current year, with EPS estimates ranging from ($2.18) to ($2.08). For the next financial year, analysts expect that the business will post earnings of ($1.79) per share, with EPS estimates ranging from ($2.14) to ($1.28). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Gogo.
GOGO has been the subject of several research analyst reports. Zacks Investment Research upgraded Gogo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub cut Gogo from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 16th. ValuEngine cut Gogo from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, William Blair reiterated a “buy” rating on shares of Gogo in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.35.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Gogo by 2.6% in the second quarter. Vanguard Group Inc. now owns 4,603,405 shares of the technology company’s stock valued at $53,077,000 after acquiring an additional 114,567 shares in the last quarter. Billings Capital Management LLC raised its stake in shares of Gogo by 14.7% in the fourth quarter. Billings Capital Management LLC now owns 3,379,752 shares of the technology company’s stock valued at $38,124,000 after acquiring an additional 432,667 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Gogo by 5.5% in the fourth quarter. Gabelli Funds LLC now owns 1,757,700 shares of the technology company’s stock valued at $19,827,000 after acquiring an additional 91,200 shares in the last quarter. Elk Creek Partners LLC raised its stake in shares of Gogo by 4.3% in the third quarter. Elk Creek Partners LLC now owns 1,682,480 shares of the technology company’s stock valued at $19,870,000 after acquiring an additional 69,815 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Gogo by 3.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,603,428 shares of the technology company’s stock valued at $18,087,000 after acquiring an additional 51,226 shares in the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.
Gogo (NASDAQ:GOGO) opened at $10.23 on Tuesday. Gogo has a 52-week low of $8.52 and a 52-week high of $14.76. The company has a market capitalization of $887.68, a price-to-earnings ratio of -5.14 and a beta of 1.45. The company has a debt-to-equity ratio of -6.40, a quick ratio of 2.02 and a current ratio of 2.20.
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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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