Gogo (NASDAQ:GOGO) Releases Earnings Results, Misses Estimates By $0.26 EPS

Gogo (NASDAQ:GOGO) issued its quarterly earnings results on Friday. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.26), Briefing.com reports. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The company had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $97.80 million. During the same period in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 40.9% compared to the same quarter last year. Gogo updated its FY 2025 guidance to EPS.

Gogo Trading Down 0.1 %

Shares of Gogo stock traded down $0.01 during trading on Friday, hitting $6.86. The stock had a trading volume of 4,955,761 shares, compared to its average volume of 1,057,965. Gogo has a 1 year low of $6.17 and a 1 year high of $11.00. The stock has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $7.59. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The company has a market capitalization of $862.84 million, a PE ratio of 15.95 and a beta of 1.01.

Hedge Funds Weigh In On Gogo

An institutional investor recently raised its position in Gogo stock. Brighton Jones LLC grew its holdings in Gogo Inc. (NASDAQ:GOGO) by 69.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. 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.