Analysts Expect ViaSat, Inc. (VSAT) to Post -$0.03 Earnings Per Share

Equities analysts expect that ViaSat, Inc. (NASDAQ:VSAT) will report ($0.03) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for ViaSat’s earnings, with estimates ranging from ($0.04) to ($0.01). ViaSat reported earnings of ($0.04) per share during the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that ViaSat will report full year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.44) to ($0.26). For the next year, analysts expect that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.80 to $1.37. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow ViaSat.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.16. The company had revenue of $517.50 million for the quarter, compared to the consensus estimate of $468.99 million. ViaSat had a negative return on equity of 4.95% and a negative net margin of 5.87%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share.

A number of equities research analysts have weighed in on VSAT shares. Zacks Investment Research downgraded ViaSat from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. TheStreet downgraded ViaSat from a “c-” rating to a “d+” rating in a report on Friday, October 5th. BidaskClub downgraded ViaSat from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Needham & Company LLC reduced their target price on ViaSat from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Finally, Morgan Stanley reduced their target price on ViaSat from $71.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.86.

In related news, Director Jeffrey M. Nash sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $61.25, for a total value of $61,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard A. Baldridge sold 31,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $63.23, for a total transaction of $2,004,391.00. Following the completion of the transaction, the chief operating officer now owns 61,700 shares of the company’s stock, valued at approximately $3,901,291. The disclosure for this sale can be found here. Insiders sold a total of 163,372 shares of company stock worth $11,038,116 over the last three months. 8.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of VSAT. Royal Bank of Canada raised its position in ViaSat by 109.7% in the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock worth $252,000 after purchasing an additional 2,018 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in ViaSat in the 2nd quarter worth approximately $972,000. Sei Investments Co. raised its position in ViaSat by 78.6% in the 2nd quarter. Sei Investments Co. now owns 20,120 shares of the communications equipment provider’s stock worth $1,322,000 after purchasing an additional 8,854 shares during the last quarter. Rhumbline Advisers raised its position in ViaSat by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 104,858 shares of the communications equipment provider’s stock worth $6,891,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Arizona State Retirement System raised its position in ViaSat by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 38,036 shares of the communications equipment provider’s stock worth $2,500,000 after purchasing an additional 951 shares during the last quarter.

NASDAQ VSAT traded down $2.33 during trading on Friday, reaching $65.48. 462,056 shares of the company traded hands, compared to its average volume of 331,952. The company has a current ratio of 1.70, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -76.14 and a beta of 0.77. ViaSat has a 1-year low of $59.16 and a 1-year high of $80.26.

About ViaSat

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

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