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.

TRADEMARK VIOLATION NOTICE: This report was posted by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/0-06-earnings-per-share-expected-for-viasat-inc-vsat-this-quarter/1694949.html.

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.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.