Jefferies Group Equities Analysts Cut Earnings Estimates for Inmarsat PLC (IMASY)

Inmarsat PLC (OTC:IMASY) – Equities researchers at Jefferies Group dropped their FY2017 EPS estimates for Inmarsat PLC in a note issued to investors on Friday. Jefferies Group analyst G. Thorne now expects that the company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.63. Jefferies Group also issued estimates for Inmarsat PLC’s FY2020 earnings at $0.71 EPS.

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Shares of Inmarsat PLC (OTC IMASY) opened at 8.58 on Monday. The company has a market capitalization of $3.89 billion, a PE ratio of 25.24 and a beta of 0.15. Inmarsat PLC has a 1-year low of $7.65 and a 1-year high of $11.19. The company has a 50 day moving average price of $9.70 and a 200 day moving average price of $10.04.

Inmarsat PLC Company Profile

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.

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