Viasat (NASDAQ:VSAT) is scheduled to be announcing its earnings results after the market closes on Thursday, May 24th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Viasat opened at $62.62 on Tuesday, MarketBeat.com reports. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.66 billion, a PE ratio of 107.97, a PEG ratio of 125.40 and a beta of 0.88. Viasat has a 1-year low of $57.75 and a 1-year high of $80.26.
In related news, Director John P. Stenbit sold 700 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $63.79, for a total value of $44,653.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey M. Nash sold 2,000 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $62.68, for a total transaction of $125,360.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,087 shares of company stock valued at $825,341. 7.70% of the stock is owned by insiders.
A number of analysts have recently weighed in on VSAT shares. BidaskClub lowered shares of Viasat from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. TheStreet lowered shares of Viasat from a “c” rating to a “d+” rating in a report on Tuesday, April 10th. Barclays lowered shares of Viasat from an “equal weight” rating to an “underweight” rating and set a $75.00 target price for the company. in a report on Thursday, March 29th. Zacks Investment Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Friday, April 13th. Finally, Royal Bank of Canada set a $52.00 target price on shares of Viasat and gave the stock a “sell” rating in a report on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.90.
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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