$388.56 Million in Sales Expected for ViaSat, Inc. (VSAT) This Quarter

Equities research analysts expect that ViaSat, Inc. (NASDAQ:VSAT) will announce sales of $388.56 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for ViaSat’s earnings, with the lowest sales estimate coming in at $372.34 million and the highest estimate coming in at $411.48 million. ViaSat posted sales of $380.63 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The firm is scheduled to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that ViaSat will report full-year sales of $388.56 million for the current financial year, with estimates ranging from $1.57 billion to $1.70 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.85 billion per share, with estimates ranging from $1.73 billion to $1.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow ViaSat.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The firm had revenue of $393.10 million during the quarter, compared to analyst estimates of $401.83 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of equities research analysts have issued reports on VSAT shares. Zacks Investment Research raised shares of ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 13th. Jefferies Group set a $67.00 price target on shares of ViaSat and gave the company a “hold” rating in a research note on Sunday, September 10th. Royal Bank Of Canada dropped their price target on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Thursday, October 5th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $73.36.

ViaSat (NASDAQ:VSAT) opened at $74.24 on Friday. ViaSat has a fifty-two week low of $57.75 and a fifty-two week high of $74.99. The firm has a market cap of $4,330.00, a PE ratio of 1,471.20 and a beta of 0.74. 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, CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $60.12, for a total value of $1,713,420.00. Following the completion of the transaction, the chief executive officer now owns 28,500 shares in the company, valued at approximately $1,713,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey White sold 5,900 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $73.77, for a total value of $435,243.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $368,850. The disclosure for this sale can be found here. Insiders have sold 137,600 shares of company stock worth $8,859,173 in the last quarter. 7.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of ViaSat by 1,936.1% in the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock worth $803,000 after purchasing an additional 11,539 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in ViaSat by 123.0% during the second quarter. BNP Paribas Arbitrage SA now owns 26,641 shares of the communications equipment provider’s stock valued at $1,764,000 after acquiring an additional 14,694 shares during the last quarter. Fiduciary Management Inc. WI bought a new stake in ViaSat during the second quarter valued at $28,948,000. Comerica Bank boosted its position in ViaSat by 27.5% during the second quarter. Comerica Bank now owns 52,615 shares of the communications equipment provider’s stock valued at $3,471,000 after acquiring an additional 11,334 shares during the last quarter. Finally, New South Capital Management Inc. boosted its position in ViaSat by 12.2% during the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock valued at $152,891,000 after acquiring an additional 251,890 shares during the last quarter. Institutional investors and hedge funds 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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