Wall Street brokerages expect that ViaSat, Inc. (NASDAQ:VSAT) will report $388.56 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ViaSat’s earnings. The lowest sales estimate is $372.34 million and the highest is $411.48 million. ViaSat reported sales of $380.63 million during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The business is expected to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that ViaSat will report full year sales of $388.56 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.70 billion. For the next financial year, analysts forecast that the business will report sales of $1.86 billion per share, with estimates ranging from $1.73 billion to $1.95 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow ViaSat.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business had revenue of $393.10 million for the quarter, compared to the consensus estimate of $401.83 million. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis.
ViaSat (VSAT) opened at $79.05 on Monday. ViaSat has a 52-week low of $57.75 and a 52-week high of $79.18. The company has a market capitalization of $4,600.00, a PE ratio of -395.25 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.
In other ViaSat news, Director B Allen Lay sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $73.53, for a total transaction of $367,650.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $367,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $65.40, for a total value of $45,780.00. Following the sale, the director now directly owns 10,300 shares in the company, valued at $673,620. The disclosure for this sale can be found here. Insiders sold 20,400 shares of company stock worth $1,486,717 over the last ninety days. Insiders own 7.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP bought a new position in shares of ViaSat during the second quarter valued at approximately $444,000. Prudential Financial Inc. grew its stake in shares of ViaSat by 1.9% during the second quarter. Prudential Financial Inc. now owns 35,773 shares of the communications equipment provider’s stock valued at $2,368,000 after buying an additional 660 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $803,000 after buying an additional 11,539 shares during the last quarter. Wells Fargo & Company MN grew its stake 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 valued at $5,732,000 after buying an additional 27,545 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of ViaSat by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock valued at $209,000 after buying an additional 1,362 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: “ViaSat, Inc. (VSAT) Expected to Announce Quarterly Sales of $388.56 Million” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/22/viasat-inc-vsat-expected-to-announce-quarterly-sales-of-388-56-million.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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.