Analysts expect ViaSat, Inc. (NASDAQ:VSAT) to post $423.68 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for ViaSat’s earnings. The lowest sales estimate is $417.10 million and the highest is $427.78 million. ViaSat posted sales of $416.42 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The business is expected to announce its next earnings results on Tuesday, May 22nd.
On average, analysts expect that ViaSat will report full-year sales of $423.68 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.70 billion. For the next year, analysts expect that the firm will post sales of $1.90 billion per share, with estimates ranging from $1.77 billion to $2.00 billion. Zacks Investment Research’s sales calculations 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, February 8th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. ViaSat had a negative return on equity of 1.13% and a negative net margin of 2.59%. The company had revenue of $381.80 million for the quarter, compared to analyst estimates of $392.99 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year.
Several research firms have commented on VSAT. JPMorgan Chase & Co. raised their price objective on ViaSat from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. BidaskClub lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Morgan Stanley began coverage on ViaSat in a research report on Friday, December 15th. They issued an “equal weight” rating and a $78.00 price objective on the stock. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $46.00 price objective (down from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. 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 company’s stock. ViaSat has a consensus rating of “Hold” and an average price target of $74.20.
ViaSat (VSAT) opened at $71.33 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat has a 52-week low of $57.75 and a 52-week high of $80.26. The company has a market capitalization of $4,230.00, a PE ratio of -145.57 and a beta of 0.79.
In other news, Director Harvey White sold 5,900 shares of ViaSat stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $73.77, for a total transaction of $435,243.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $368,850. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Keven K. Lippert sold 4,100 shares of ViaSat stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $72.86, for a total value of $298,726.00. Following the sale, the insider now directly owns 177 shares in the company, valued at $12,896.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,500 shares of company stock worth $845,727. Corporate insiders own 7.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of ViaSat by 9.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after acquiring an additional 131 shares during the last quarter. Swift Run Capital Management LLC purchased a new stake in shares of ViaSat during the fourth quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ViaSat by 54.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock worth $210,000 after acquiring an additional 987 shares during the last quarter. Iberiabank Corp bought a new stake in ViaSat in the fourth quarter valued at about $225,000. Finally, Virtu KCG Holdings LLC bought a new stake in ViaSat in the second quarter valued at about $203,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.
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ViaSat Company Profile
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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