Wall Street analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will report $429.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for ViaSat’s earnings. The highest sales estimate is $446.09 million and the lowest is $407.80 million. ViaSat reported sales of $380.04 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The firm is scheduled to report its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that ViaSat will report full year sales of $1.89 billion for the current year, with estimates ranging from $1.77 billion to $2.00 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.23 billion per share, with estimates ranging from $2.11 billion to $2.46 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for ViaSat.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Thursday, May 24th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.40. The business had revenue of $439.70 million during the quarter, compared to analysts’ expectations of $424.47 million. ViaSat had a negative net margin of 4.22% and a negative return on equity of 2.57%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS.
A number of equities research analysts recently issued reports on VSAT shares. Needham & Company LLC reiterated a “buy” rating and set a $74.00 target price (down previously from $78.00) on shares of ViaSat in a research report on Monday, April 9th. TheStreet cut shares of ViaSat from a “c” rating to a “d+” rating in a research report on Tuesday, April 10th. Zacks Investment Research upgraded shares of ViaSat from a “strong sell” rating to a “hold” rating in a research report on Friday, April 13th. BidaskClub upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of ViaSat from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.70.
Shares of ViaSat traded up $0.80, reaching $62.58, during mid-day trading on Monday, MarketBeat.com reports. 1,085,293 shares of the stock were exchanged, compared to its average volume of 370,587. The stock has a market capitalization of $3.64 billion, a P/E ratio of -72.77, a price-to-earnings-growth ratio of 124.73 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $80.26.
In other ViaSat news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $69.86, for a total value of $48,902.00. Following the completion of the sale, the director now owns 10,300 shares in the company, valued at approximately $719,558. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ken Allen Peterman sold 2,187 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $72.31, for a total transaction of $158,141.97. Following the completion of the sale, the insider now owns 17,580 shares of the company’s stock, valued at approximately $1,271,209.80. The disclosure for this sale can be found here. Insiders sold a total of 12,087 shares of company stock valued at $825,341 in the last 90 days. Corporate insiders own 7.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of VSAT. Sylebra HK Co Ltd acquired a new stake in ViaSat in the 4th quarter valued at about $36,697,000. Bridger Management LLC bought a new position in shares of ViaSat in the 4th quarter valued at about $35,880,000. Partners Capital Investment Group LLP bought a new position in shares of ViaSat in the 4th quarter valued at about $28,486,000. Rice Hall James & Associates LLC bought a new position in shares of ViaSat in the 4th quarter valued at about $19,848,000. Finally, Fiduciary Management Inc. WI boosted its stake in shares of ViaSat by 27.4% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,157,779 shares of the communications equipment provider’s stock valued at $76,089,000 after purchasing an additional 248,804 shares during the last quarter.
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.
Get a free copy of the Zacks research report on ViaSat (VSAT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.