Viasat, Inc. (VSAT) Expected to Announce Earnings of -$0.17 Per Share

Analysts forecast that Viasat, Inc. (NASDAQ:VSAT) will report earnings of ($0.17) per share for the current quarter, Zacks reports. Five analysts have made estimates for Viasat’s earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.15). Viasat reported earnings per share of $0.32 in the same quarter last year, which indicates a negative year-over-year growth rate of 153.1%. The firm is scheduled to announce its next earnings report on Tuesday, May 22nd.

On average, analysts expect that Viasat will report full-year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.06). For the next financial year, analysts forecast that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.31 to $0.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Viasat.

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Viasat (NASDAQ:VSAT) last released its earnings results on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. Viasat had a negative return on equity of 1.13% and a negative net margin of 2.59%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share.

VSAT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. BidaskClub upgraded Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Barclays downgraded Viasat from an “equal weight” rating to an “underweight” rating and set a $75.00 target price for the company. in a research report on Thursday, March 29th. Royal Bank of Canada set a $52.00 target price on Viasat and gave the stock a “sell” rating in a research report on Tuesday, March 27th. Finally, JPMorgan Chase boosted their target price on Viasat from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $73.90.

In related news, Director Jeffrey M. Nash sold 2,000 shares of Viasat stock in a transaction on Monday, April 16th. The stock was sold at an average price of $63.65, for a total transaction of $127,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Stenbit sold 700 shares of Viasat stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $69.86, for a total value of $48,902.00. Following the sale, the director now directly owns 10,300 shares of the company’s stock, valued at $719,558. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,387 shares of company stock valued at $655,328. 7.70% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Viasat by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,732,578 shares of the communications equipment provider’s stock valued at $429,084,000 after acquiring an additional 107,174 shares during the period. Franklin Resources Inc. grew its stake in Viasat by 12.7% in the fourth quarter. Franklin Resources Inc. now owns 2,126,710 shares of the communications equipment provider’s stock valued at $159,185,000 after acquiring an additional 238,842 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Viasat by 1.5% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,146,327 shares of the communications equipment provider’s stock valued at $85,803,000 after acquiring an additional 17,358 shares during the period. Cove Street Capital LLC grew its stake in Viasat by 14.3% in the fourth quarter. Cove Street Capital LLC now owns 769,394 shares of the communications equipment provider’s stock valued at $57,589,000 after acquiring an additional 96,384 shares during the period. Finally, Sylebra HK Co Ltd acquired a new position in Viasat in the fourth quarter valued at about $36,697,000.

Shares of VSAT stock traded down $0.27 on Friday, reaching $64.61. 138,559 shares of the stock were exchanged, compared to its average volume of 414,711. The company has a market cap of $3,820.50, a P/E ratio of 111.71, a PEG ratio of 130.99 and a beta of 0.87. Viasat has a one year low of $57.75 and a one year high of $80.26. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.38.

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Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services.

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