Global Eagle Entertainment, Inc (NASDAQ:ENT): Stock price for Global Eagle has been under pressure over the last three years. Lower margins and escalating losses are contributing to the price crash. Its losses swelled from $57 million in 2014 to $357 million in fiscal 2017 though it had robust growth in revenues. The company has been taking several initiatives to support its margins and to generate profitable growth in the coming years.
It is a provider of media, content, connectivity and data analytics to markets across air, sea, and land.
Business Transformation Strategies
The company has been actively working on business transformation strategies to expand their margins and earnings combined with continued growth from its top-line.
The company is working on three key strategies:
- Running a healthy core business
- Driving profitable growth
- Aggressively transforming its business
The company has been seeing the positive impact of business strategies on its financial numbers. ENT has narrowed its losses in the latest quarter. Its loss from continuing operations stood at around $29 million in the most recent quarter; lower from the loss of $101 million in the year-ago period. The management expects its full-year EBITDA to improve 25% from the past year.
The CEO said: “We continue to expect a minimum of 25% Adjusted EBITDA growth in 2018 versus 2017. Looking forward to the third quarter of 2018, we are excited to activate aircraft from our recent new wins onto what is already the largest network of Ku-connected, single-aisle aircraft in the world.”
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Stock Price Movement and Price Target
Source Image: finviz.com
Its stock plummeted 86% in the last three years. Global Eagle Entertainment stock currently trades around $1.80 a share – with the 52-week trading range of $0.87 – $3.84. The company market cap stands around $163 million at present. Analysts, on the other hand, expect its stock price to trade at around $4 by the end of this year.
Featured Image: aircraft-commerce.com
Author Siraj Sarwar 
