ViaSat (VSAT) Scheduled to Post Quarterly Earnings on Tuesday
ViaSat (NASDAQ:VSAT) is scheduled to be issuing its Q115 quarterly earnings data on Tuesday, August 12th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $349.88 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Tuesday, May 20th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $343.90 million for the quarter, compared to the consensus estimate of $348.98 million. During the same quarter last year, the company posted $0.19 earnings per share. ViaSat’s revenue was up 11.4% compared to the same quarter last year. On average, analysts expect ViaSat to post $1.19 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Shares of ViaSat (NASDAQ:VSAT) opened at 57.35 on Monday. ViaSat has a 52-week low of $53.03 and a 52-week high of $74.78. The stock has a 50-day moving average of $57.76 and a 200-day moving average of $61.71. The company’s market cap is $2.660 billion.
A number of research firms have recently commented on VSAT. Analysts at Zacks upgraded shares of ViaSat from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $58.40 price target on the stock. On the ratings front, analysts at Drexel Hamilton initiated coverage on shares of ViaSat in a research note on Thursday, May 29th. They set a “hold” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of ViaSat from $72.00 to $66.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. ViaSat currently has a consensus rating of “Hold” and a consensus price target of $62.28.
In other ViaSat news, Director John P. Stenbit sold 3,100 shares of ViaSat stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $58.45, for a total value of $181,195.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.
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