Viasat (VSAT) Set to Announce Quarterly Earnings on Wednesday

Viasat (NASDAQ:VSAT) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.42) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.12). Viasat had a negative return on equity of 19.76% and a negative net margin of 24.95%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts expect Viasat to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Viasat Price Performance

Shares of VSAT stock traded up $0.20 during mid-day trading on Tuesday, reaching $17.52. The company’s stock had a trading volume of 437,430 shares, compared to its average volume of 1,497,019. The company has a debt-to-equity ratio of 1.41, a quick ratio of 2.44 and a current ratio of 2.68. The firm’s 50-day moving average is $15.50 and its two-hundred day moving average is $17.43. The company has a market cap of $2.24 billion, a P/E ratio of -1.97 and a beta of 1.36. Viasat has a 1-year low of $11.76 and a 1-year high of $31.83.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VSAT shares. Bank of America boosted their target price on shares of Viasat from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, May 28th. Barclays cut their target price on Viasat from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 5th. JPMorgan Chase & Co. dropped their target price on Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Viasat in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.17.

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.