Viasat (VSAT) Set to Announce Quarterly Earnings on Wednesday

Viasat (NASDAQ:VSAT) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Viasat to post earnings of ($0.56) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Viasat (NASDAQ:VSAT) last posted its earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.83) earnings per share. On average, analysts expect Viasat to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Viasat Stock Up 2.9 %

NASDAQ VSAT traded up $0.30 on Tuesday, reaching $10.47. The company had a trading volume of 960,981 shares, compared to its average volume of 1,730,592. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.08 and a quick ratio of 2.78. Viasat has a 1 year low of $9.37 and a 1 year high of $29.11. The firm has a 50-day moving average of $12.50 and a 200-day moving average of $15.02. The firm has a market capitalization of $1.34 billion, a PE ratio of -1.29 and a beta of 1.37.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 2,811,442 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the sale, the insider now owns 8,545,334 shares in the company, valued at $170,052,146.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

VSAT has been the subject of several analyst reports. Needham & Company LLC decreased their target price on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. Bank of America dropped their target price on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, StockNews.com downgraded Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.83.

Viasat Company Profile

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.