Wall Street brokerages expect ViaSat, Inc. (NASDAQ:VSAT) to report earnings of ($0.08) per share for the current quarter, according to Zacks. Four analysts have made estimates for ViaSat’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.05). ViaSat reported earnings per share of $0.32 in the same quarter last year, which would suggest a negative year over year growth rate of 125%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 22nd.

On average, analysts expect that ViaSat will report full year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.03). For the next financial year, analysts expect that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.47 to $1.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow ViaSat.

ViaSat (NASDAQ:VSAT) last announced 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 net margin of 0.75% and a positive return on equity of 0.13%. The business had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up .3% on a year-over-year basis.

VSAT has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Thursday, November 9th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, November 10th. BidaskClub downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $46.00 price objective (down from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.10.

Shares of ViaSat (NASDAQ:VSAT) traded down $5.76 on Tuesday, reaching $65.03. 547,455 shares of the company’s stock traded hands, compared to its average volume of 347,257. ViaSat has a 1-year low of $57.75 and a 1-year high of $80.26. The firm has a market capitalization of $4,164.54, a P/E ratio of -337.10 and a beta of 0.80. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37.

In other news, Director B Allen Lay sold 5,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $73.53, for a total transaction of $367,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $367,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keven K. Lippert sold 1,200 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.20, for a total transaction of $83,040.00. Following the transaction, the insider now owns 2,949 shares of the company’s stock, valued at $204,070.80. The disclosure for this sale can be found here. Insiders have sold 19,700 shares of company stock valued at $1,440,937 over the last quarter. Company insiders own 7.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings 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 buying an additional 131 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of ViaSat during the second quarter worth $203,000. Shelton Capital Management acquired a new position in shares of ViaSat during the second quarter worth $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 buying an additional 987 shares in the last quarter. Finally, Iberiabank Corp acquired a new stake in ViaSat in the fourth quarter valued at $225,000. Institutional investors own 99.42% of the company’s stock.

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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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