Last $13.45 USD
Change Today +0.15 / 1.13%
Volume 155.5K
ENT On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 2:09 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

global eagle entertainment i (ENT) Snapshot

Open
$13.33
Previous Close
$13.30
Day High
$13.51
Day Low
$13.25
52 Week High
03/4/14 - $18.48
52 Week Low
08/7/14 - $9.30
Market Cap
1.0B
Average Volume 10 Days
519.9K
EPS TTM
$-0.97
Shares Outstanding
76.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GLOBAL EAGLE ENTERTAINMENT I (ENT)

global eagle entertainment i (ENT) Details

Global Eagle Entertainment Inc., a content and connectivity distribution and services company, provides in-flight video content, e-commerce, and information services for the airline industry worldwide. The company operates through two segments, Connectivity and Content. The Connectivity segment offers Wi-Fi Internet connectivity through Ku-band satellite transmissions that allow airline passengers to access in-flight Internet, live television, on-demand content, shopping, and flight and destination information. The Connect segment selects, manages, and distributes wholly-owned and licensed media content, video and music programming, applications, and video games to airline, maritime, and other away-from-home non-theatrical markets. Global Eagle Entertainment Inc. is headquartered in Los Angeles, California.

730 Employees
Last Reported Date: 03/25/14

global eagle entertainment i (ENT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $425.0K
Consultant
Total Annual Compensation: $437.5K
Compensation as of Fiscal Year 2013.

global eagle entertainment i (ENT) Key Developments

Global Eagle Entertainment Inc. Provides Unaudited Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2014

Global Eagle Entertainment Inc. provided unaudited earnings guidance for the fourth quarter and full year ended December 31, 2014. The company expects to report full-year 2014 revenue in the range of $383 million to $388 million and Adjusted EBITDA expected to be in the range of $29.7 million to $31.5 million. Operating loss before income taxes expected to be in the range of $46.1 million to $47.1 million. Cash capital expenditures expected to be in the range of $8.5 million to $9.5 million. The company expects fourth quarter 2014 revenue in the range of $96.3 million to $101.3 million. Adjusted EBITDA expected to be in the range of $9.3 million to $11.1 million. Operating loss before income taxes expected to be in the range of $20.0 million to $21.0 million.

Global Eagle Seeks Acquisitions

Global Eagle Entertainment Inc. (NasdaqCM:ENT) will consider acquisitions. Global Eagle has announced its intention to offer $75 million aggregate principal amount of convertible senior notes due 2035 in a private placement to qualified institutional buyers. Global Eagle intends to use the net proceeds from the notes offering for working capital and general corporate purposes, including possible acquisitions, ongoing and future capital investments in new product development and technologies, and costs associated with expanding its customer base in new and emerging markets.

Global Eagle Entertainment Inc. Enters into Loan and Security Agreement

On December 22, 2014, Global Eagle Entertainment Inc. entered into a Loan and Security Agreement, dated as of December 22, 2014, by and among Citibank, N.A., the Company, and the direct or indirect domestic subsidiaries of the Company listed on Schedule 1 of the Agreement or otherwise a party to the Agreement from time to time. Subject to the terms and conditions of the Agreement, Citibank agreed to make term loans to the Company on December 22, 2014 in an aggregate principal amount not to exceed $2,400,000. The Company borrowed approximately $2.4 million as a Term Loan on December 22, 2014, and used the proceeds to repay in full an outstanding term loan and letter of credit which previously were assumed in connection with an acquisition. Amounts borrowed under the Term Loans and repaid or prepaid may not be re-borrowed. With respect to the Term Loans, the Agreement requires the Company to repay to Citibank a principal amount equal to $200,000 (together with all accrued and unpaid interest as of such payment date) on the last business day of each calendar quarter, with the first such payment beginning on March 31, 2015. The Company has the option to prepay any of the outstanding principal balance of the Term Loans in whole or in part without premium or penalty, subject to certain requirements set in the Agreement. Citibank also agreed to make loans to the Company from time to time in an aggregate amount not to exceed $20,000,000 at any time. The Company generally may borrow under the Revolving Loans and prepay and re-borrow under the Agreement. With respect to the Revolving Loans, the Agreement requires the Company to repay to Citibank on December 22, 2017 the aggregate principal amount of all Revolving Loans outstanding on such date. The Company has the option to prepay any of the outstanding principal balance of the Revolving Loans in whole or in part without premium or penalty, subject to certain requirements set in the Agreement.

 

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Industry Analysis

ENT

Industry Average

Valuation ENT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.6x
Price/Book 3.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.2x
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