-$0.06 Earnings Per Share Expected for ViaSat, Inc. (VSAT) This Quarter
Analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will announce earnings per share (EPS) of ($0.06) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for ViaSat’s earnings, with estimates ranging from ($0.10) to ($0.01). ViaSat reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year over year growth rate of 120.7%. The business is expected to issue its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that ViaSat will report full year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.79) to ($0.11). For the next financial year, analysts anticipate that the firm will post earnings of $0.51 per share, with EPS estimates ranging from ($0.44) to $1.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow ViaSat.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business had revenue of $393.10 million during the quarter, compared to analyst estimates of $401.83 million. During the same quarter in the prior year, the business posted $0.40 EPS. ViaSat’s revenue for the quarter was down 1.5% compared to the same quarter last year.
A number of equities research analysts have issued reports on VSAT shares. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Jefferies Group LLC set a $67.00 price target on ViaSat and gave the stock a “hold” rating in a research note on Sunday, September 10th. Royal Bank Of Canada cut their price target on ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Thursday, October 5th. B. Riley reiterated a “buy” rating and issued a $89.00 price target on shares of ViaSat in a research note on Thursday. Finally, TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. ViaSat currently has a consensus rating of “Hold” and an average price target of $74.09.
In related news, CEO Mark D. Dankberg sold 28,500 shares of ViaSat stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $60.12, for a total value of $1,713,420.00. Following the completion of the transaction, the chief executive officer now owns 28,500 shares in the company, valued at $1,713,420. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $65.40, for a total value of $45,780.00. Following the completion of the transaction, the director now owns 10,300 shares of the company’s stock, valued at approximately $673,620. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,350 shares of company stock valued at $7,838,977. 7.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSAT. Disciplined Growth Investors Inc. MN grew its position in ViaSat by 109.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock worth $76,044,000 after acquiring an additional 599,752 shares in the last quarter. Hood River Capital Management LLC bought a new stake in ViaSat in the second quarter worth about $29,147,000. Fiduciary Management Inc. WI bought a new stake in ViaSat in the second quarter worth about $28,948,000. Odey Asset Management Group Ltd lifted its stake in ViaSat by 23.2% in the second quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after purchasing an additional 404,251 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in ViaSat in the second quarter worth about $18,403,000. Institutional investors own 99.57% of the company’s stock.
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Shares of ViaSat (NASDAQ VSAT) opened at $68.40 on Friday. ViaSat has a 12 month low of $57.75 and a 12 month high of $82.19. The company has a quick ratio of 1.44, a current ratio of 2.02 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3,960.00, a price-to-earnings ratio of 1,290.60 and a beta of 0.74.
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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