ViaSat, Inc. (VSAT) Expected to Post Earnings of -$0.03 Per Share

Equities analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will announce ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for ViaSat’s earnings, with estimates ranging from ($0.04) to ($0.01). ViaSat posted earnings of ($0.04) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results on Thursday, February 14th.

On average, analysts expect that ViaSat will report full year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.44) to ($0.26). For the next fiscal year, analysts anticipate that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.80 to $1.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow ViaSat.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.16. ViaSat had a negative net margin of 5.87% and a negative return on equity of 4.95%. The firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $468.99 million. During the same quarter in the previous year, the company posted $0.09 EPS. ViaSat’s revenue was up 32.3% on a year-over-year basis.

A number of analysts have commented on VSAT shares. TheStreet lowered shares of ViaSat from a “c-” rating to a “d+” rating in a report on Friday, October 5th. Morgan Stanley lifted their target price on shares of ViaSat from $67.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, November 30th. BidaskClub raised shares of ViaSat from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 3rd. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Finally, Raymond James lifted their target price on shares of ViaSat from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $66.86.

VSAT traded down $2.33 during trading on Friday, reaching $65.48. 462,056 shares of the company’s stock were exchanged, compared to its average volume of 331,952. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.70. ViaSat has a fifty-two week low of $59.16 and a fifty-two week high of $80.26. The firm has a market capitalization of $4.04 billion, a PE ratio of -76.14 and a beta of 0.77.

In other news, COO Richard A. Baldridge sold 31,700 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $63.23, for a total value of $2,004,391.00. Following the completion of the transaction, the chief operating officer now owns 61,700 shares of the company’s stock, valued at approximately $3,901,291. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director B Allen Lay sold 3,000 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00. The disclosure for this sale can be found here. Insiders sold a total of 163,372 shares of company stock valued at $11,038,116 in the last three months. 8.10% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of ViaSat by 3.4% in the 3rd quarter. BlackRock Inc. now owns 6,401,562 shares of the communications equipment provider’s stock valued at $409,381,000 after buying an additional 213,070 shares during the period. Vanguard Group Inc. grew its holdings in shares of ViaSat by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,124,401 shares of the communications equipment provider’s stock valued at $327,706,000 after buying an additional 153,301 shares during the period. Odey Asset Management Group Ltd grew its holdings in shares of ViaSat by 28.8% in the 3rd quarter. Odey Asset Management Group Ltd now owns 3,020,829 shares of the communications equipment provider’s stock valued at $193,182,000 after buying an additional 675,457 shares during the period. Franklin Resources Inc. grew its holdings in shares of ViaSat by 5.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,412,023 shares of the communications equipment provider’s stock valued at $154,249,000 after buying an additional 119,576 shares during the period. Finally, Sylebra HK Co Ltd grew its holdings in shares of ViaSat by 158.6% in the 2nd quarter. Sylebra HK Co Ltd now owns 1,304,806 shares of the communications equipment provider’s stock valued at $85,752,000 after buying an additional 800,248 shares during the period.

About ViaSat

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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