Gogo (GOGO) Projected to Post Quarterly Earnings on Friday

Gogo (NASDAQ:GOGO) is expected to post its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Gogo to post earnings of $0.04 per share and revenue of $97.80 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Gogo Price Performance

Gogo stock opened at $7.34 on Wednesday. The company’s fifty day moving average price is $7.85 and its 200 day moving average price is $7.59. Gogo has a 1 year low of $6.17 and a 1 year high of $11.00. The stock has a market capitalization of $923.22 million, a P/E ratio of 17.07 and a beta of 1.01. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58.

Institutional Investors Weigh In On Gogo

A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC raised its position in Gogo Inc. (NASDAQ:GOGO) by 69.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,000 shares of the technology company’s stock after purchasing an additional 6,978 shares during the period. Brighton Jones LLC’s holdings in Gogo were worth $138,000 at the end of the most recent quarter. 69.60% of the stock is owned by institutional investors.

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.