Brokerages Expect ViaSat, Inc. (VSAT) Will Announce Earnings of -$0.06 Per Share

Analysts expect that ViaSat, Inc. (NASDAQ:VSAT) will post earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ViaSat’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.01). ViaSat posted earnings per share of $0.29 during the same quarter last year, which would indicate a negative year-over-year growth rate of 120.7%. The company is expected to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that ViaSat will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.13) to ($0.03). For the next financial year, analysts expect that the business 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 an average based on a survey of sell-side research firms that that provide coverage for ViaSat.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $393.10 million during the quarter, compared to the consensus estimate of $401.83 million. During the same period last year, the business posted $0.40 EPS. ViaSat’s revenue was down 1.5% on a year-over-year basis.

Several brokerages recently issued reports on VSAT. BidaskClub upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Zacks Investment Research downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. B. Riley reiterated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research note on Thursday, November 9th. Royal Bank of Canada cut their target price on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Thursday, October 5th. Finally, Morgan Stanley began coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. ViaSat has an average rating of “Hold” and an average target price of $73.75.

In other ViaSat news, Director John P. Stenbit sold 700 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $65.40, for a total value of $45,780.00. Following the transaction, the director now directly owns 10,300 shares of the company’s stock, valued at approximately $673,620. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John P. Stenbit sold 800 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total transaction of $59,888.00. Following the completion of the transaction, the director now directly owns 10,400 shares in the company, valued at $778,544. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,400 shares of company stock worth $1,486,717. Insiders own 7.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of ViaSat by 1,936.1% during 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 period. ThornTree Capital Partners LP increased its holdings in shares of ViaSat by 12.3% during the third quarter. ThornTree Capital Partners LP now owns 259,700 shares of the communications equipment provider’s stock worth $16,704,000 after purchasing an additional 28,500 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of ViaSat by 48.2% during the third quarter. Mutual of America Capital Management LLC now owns 135,609 shares of the communications equipment provider’s stock worth $8,722,000 after purchasing an additional 44,092 shares during the period. Cobblestone Capital Advisors LLC NY increased its holdings in shares of ViaSat by 3.9% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 110,785 shares of the communications equipment provider’s stock worth $7,126,000 after purchasing an additional 4,165 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of ViaSat by 46.7% during the second quarter. Wells Fargo & Company MN now owns 86,591 shares of the communications equipment provider’s stock worth $5,732,000 after purchasing an additional 27,545 shares during the period.

Shares of ViaSat (VSAT) traded up $0.72 during trading hours on Friday, reaching $79.05. 243,101 shares of the company traded hands, compared to its average volume of 227,627. ViaSat has a twelve month low of $57.75 and a twelve month high of $79.18. The firm has a market cap of $4,561.72, a P/E ratio of -376.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71.

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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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