Wall Street brokerages expect ViaSat, Inc. (NASDAQ:VSAT) to announce sales of $586.23 million for the current quarter, Zacks reports. Four analysts have provided estimates for ViaSat’s earnings, with the lowest sales estimate coming in at $576.50 million and the highest estimate coming in at $597.69 million. ViaSat reported sales of $554.69 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The firm is scheduled to issue its next earnings results on Thursday, February 6th.

On average, analysts expect that ViaSat will report full-year sales of $2.33 billion for the current financial year, with estimates ranging from $2.28 billion to $2.37 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.57 billion, with estimates ranging from $2.43 billion to $2.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow ViaSat.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.17. ViaSat had a negative net margin of 0.72% and a negative return on equity of 0.83%. The firm had revenue of $592.26 million during the quarter, compared to analyst estimates of $568.66 million.

A number of analysts have recently commented on VSAT shares. Needham & Company LLC reduced their price target on shares of ViaSat to $90.00 and set a “buy” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of ViaSat from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $84.00 to $90.00 in a research note on Monday, November 18th. Zacks Investment Research lowered shares of ViaSat from a “strong-buy” rating to a “hold” rating and set a $82.00 price target for the company. in a research note on Saturday, November 16th. ValuEngine lowered shares of ViaSat from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub lowered shares of ViaSat from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $95.14.

In other news, EVP Keven K. Lippert sold 10,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $77.69, for a total value of $776,900.00. Following the transaction, the executive vice president now owns 10,108 shares of the company’s stock, valued at $785,290.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Varsha Rajendra Rao sold 1,750 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $73.19, for a total transaction of $128,082.50. Following the completion of the transaction, the director now directly owns 3,450 shares in the company, valued at approximately $252,505.50. The disclosure for this sale can be found here. Insiders have sold 15,650 shares of company stock worth $1,189,527 in the last ninety days. Insiders own 7.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VSAT. FMR LLC lifted its holdings in shares of ViaSat by 88.0% in the first quarter. FMR LLC now owns 119,229 shares of the communications equipment provider’s stock worth $9,240,000 after buying an additional 55,804 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of ViaSat in the first quarter worth $318,000. Arizona State Retirement System lifted its holdings in shares of ViaSat by 1.3% in the second quarter. Arizona State Retirement System now owns 41,342 shares of the communications equipment provider’s stock worth $3,341,000 after buying an additional 519 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of ViaSat by 53.0% in the second quarter. SG Americas Securities LLC now owns 12,502 shares of the communications equipment provider’s stock worth $1,010,000 after buying an additional 4,332 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of ViaSat in the second quarter worth $355,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VSAT stock opened at $71.73 on Wednesday. The company has a 50 day moving average price of $71.35 and a 200-day moving average price of $78.00. ViaSat has a 52 week low of $55.93 and a 52 week high of $97.31. The firm has a market capitalization of $4.40 billion, a PE ratio of -63.48 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 1.51 and a debt-to-equity ratio of 0.87.

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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