Wall Street brokerages expect ViaSat, Inc. (NASDAQ:VSAT) to report earnings of ($0.12) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for ViaSat’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.06). ViaSat posted earnings of $0.32 per share in the same quarter last year, which indicates a negative year over year growth rate of 137.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that ViaSat will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.06). For the next financial year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.43 to $0.78. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for ViaSat.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share.
Several research firms have recently issued reports on VSAT. BidaskClub downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. JPMorgan Chase & Co. lifted their target price on shares of ViaSat from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Royal Bank of Canada reissued an “underperform” rating and set a $46.00 target price (down previously from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. B. Riley reissued a “buy” rating and set a $89.00 target price on shares of ViaSat in a research note on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.20.
ViaSat (VSAT) opened at $70.06 on Friday. The stock has a market cap of $4,176.75, a price-to-earnings ratio of -98.68 and a beta of 0.80. ViaSat has a 52 week low of $57.75 and a 52 week high of $80.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.21 and a current ratio of 1.68.
In other ViaSat news, insider Keven K. Lippert sold 4,100 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $72.86, for a total value of $298,726.00. Following the completion of the sale, the insider now directly owns 177 shares in the company, valued at $12,896.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the completion of the sale, the director now owns 10,300 shares of the company’s stock, valued at $763,230. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $845,727 in the last three months. 7.70% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 131 shares during the period. Swift Run Capital Management LLC acquired a new stake in ViaSat in the fourth quarter worth $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ViaSat by 54.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 987 shares during the period. Iberiabank Corp acquired a new stake in ViaSat in the fourth quarter worth $225,000. Finally, Virtu KCG Holdings LLC acquired a new stake in ViaSat in the second quarter worth $203,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
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ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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