Wall Street analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will report $0.08 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for ViaSat’s earnings. The lowest EPS estimate is ($0.09) and the highest is $0.25. ViaSat posted earnings of $0.40 per share in the same quarter last year, which would suggest a negative year over year growth rate of 80%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that ViaSat will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.79) to $0.66. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.79 per share, with EPS estimates ranging from ($0.44) to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover ViaSat.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The company had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $384.29 million. During the same period last year, the firm earned $0.23 earnings per share. ViaSat’s revenue was up 4.7% on a year-over-year basis.

A number of research firms have commented on VSAT. B. Riley reiterated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research note on Tuesday, May 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $74.00 price objective on shares of ViaSat in a research note on Wednesday, May 31st. Cowen and Company upgraded shares of ViaSat from a “market perform” rating to an “outperform” rating in a research note on Saturday, June 3rd. TheStreet downgraded shares of ViaSat from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $50.00 price objective on shares of ViaSat and gave the company a “sell” rating in a research note on Saturday, May 27th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.82.

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Shares of ViaSat (VSAT) traded up 1.14% during midday trading on Thursday, reaching $61.20. 391,853 shares of the company were exchanged. The stock’s 50-day moving average price is $62.37 and its 200-day moving average price is $64.78. ViaSat has a 52-week low of $57.75 and a 52-week high of $82.19. The company has a market capitalization of $3.55 billion, a PE ratio of 264.94 and a beta of 0.69.

In other news, CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $60.12, for a total value of $1,713,420.00. Following the transaction, the chief executive officer now directly owns 28,500 shares in the company, valued at approximately $1,713,420. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Richard A. Baldridge sold 35,000 shares of ViaSat stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $59.92, for a total transaction of $2,097,200.00. Following the completion of the sale, the chief operating officer now owns 59,000 shares in the company, valued at $3,535,280. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,850 shares of company stock worth $5,532,689. Insiders own 7.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. LS Investment Advisors LLC lifted its position in ViaSat by 1.5% in the 1st quarter. LS Investment Advisors LLC now owns 3,585 shares of the communications equipment provider’s stock valued at $229,000 after purchasing an additional 52 shares during the last quarter. World Asset Management Inc lifted its position in ViaSat by 1.7% in the 2nd quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock valued at $217,000 after purchasing an additional 56 shares during the last quarter. CrestPoint Capital Management LLC lifted its position in ViaSat by 0.8% in the 2nd quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock valued at $827,000 after purchasing an additional 100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ViaSat by 1.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,739 shares of the communications equipment provider’s stock valued at $494,000 after purchasing an additional 113 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in ViaSat by 9.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About ViaSat

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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