ViaSat, Inc. (VSAT) Set to Announce Earnings on Monday
ViaSat, Inc. (NASDAQ:VSAT) is scheduled to be releasing its earnings data after the market closes on Monday, November 6th. Analysts expect ViaSat to post earnings of $0.02 per share for the quarter.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $380.00 million during the quarter, compared to analyst estimates of $384.29 million. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, analysts expect ViaSat to post $-1.05 EPS for the current fiscal year and $0.37 EPS for the next fiscal year.
Shares of ViaSat, Inc. (VSAT) opened at 64.61 on Monday. The stock has a 50 day moving average of $63.83 and a 200 day moving average of $64.63. ViaSat, Inc. has a 52-week low of $57.75 and a 52-week high of $82.19. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 279.70 and a beta of 0.71.
A number of analysts have commented on VSAT shares. B. Riley restated a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Sunday, August 13th. TheStreet downgraded shares of ViaSat from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $80.00 target price (down from $82.00) on shares of ViaSat in a report on Monday, July 10th. Zacks Investment Research upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Jefferies Group LLC set a $67.00 target price on shares of ViaSat and gave the stock a “hold” rating in a report on Sunday, September 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.70.
In other news, CEO Mark D. Dankberg sold 28,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $66.00, for a total transaction of $1,881,000.00. Following the sale, the chief executive officer now owns 28,500 shares in the company, valued at $1,881,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey M. Nash sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $64.94, for a total transaction of $129,880.00. The disclosure for this sale can be found here. Insiders sold a total of 179,350 shares of company stock worth $11,258,137 over the last quarter. Insiders own 7.70% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “ViaSat, Inc. (VSAT) Set to Announce Earnings on Monday” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/30/viasat-inc-vsat-set-to-announce-earnings-on-monday-2.html.
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.
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 MarketBeat.com's FREE daily email newsletter.