Brokerages Anticipate ViaSat, Inc. (NASDAQ:VSAT) Will Announce Quarterly Sales of $586.23 Million

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Equities analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will announce $586.23 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ViaSat’s earnings. The highest sales estimate is $597.69 million and the lowest is $576.50 million. ViaSat posted sales of $554.69 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that ViaSat will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $2.28 billion to $2.37 billion. For the next financial year, analysts anticipate that the company will post sales of $2.57 billion, with estimates ranging from $2.43 billion to $2.71 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover ViaSat.

ViaSat (NASDAQ:VSAT) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. ViaSat had a negative net margin of 0.72% and a negative return on equity of 0.83%. The company had revenue of $592.26 million for the quarter, compared to analysts’ expectations of $568.66 million.

Several research analysts have recently commented on VSAT shares. Needham & Company LLC lowered their target price on shares of ViaSat to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. ValuEngine cut shares of ViaSat from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised shares of ViaSat from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $84.00 to $90.00 in a report on Monday, November 18th. BidaskClub cut shares of ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 23rd. Finally, Zacks Investment Research cut shares of ViaSat from a “strong-buy” rating to a “hold” rating and set a $82.00 target price on the stock. in a report on Saturday, November 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. ViaSat presently has an average rating of “Hold” and an average price target of $95.14.

Shares of VSAT opened at $71.32 on Wednesday. ViaSat has a 12 month low of $55.93 and a 12 month high of $97.31. The firm’s 50 day moving average is $71.31 and its 200-day moving average is $78.31. The stock has a market capitalization of $4.43 billion, a PE ratio of -63.12 and a beta of 0.84. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.87.

In related news, EVP Keven K. Lippert sold 10,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $77.69, for a total transaction of $776,900.00. Following the sale, the executive vice president now owns 10,108 shares in the company, valued at approximately $785,290.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Varsha Rajendra Rao sold 1,750 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $73.19, for a total transaction of $128,082.50. Following the sale, the director now owns 3,450 shares in the company, valued at approximately $252,505.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,900 shares of company stock worth $1,688,339 in the last quarter. 7.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voloridge Investment Management LLC boosted its position in shares of ViaSat by 1.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 72,267 shares of the communications equipment provider’s stock worth $5,443,000 after acquiring an additional 788 shares in the last quarter. Comerica Bank boosted its position in shares of ViaSat by 0.7% during the 3rd quarter. Comerica Bank now owns 32,875 shares of the communications equipment provider’s stock worth $2,303,000 after acquiring an additional 237 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of ViaSat by 1.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 42,743 shares of the communications equipment provider’s stock worth $3,219,000 after acquiring an additional 544 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of ViaSat by 1,626.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,726 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,626 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of ViaSat by 32.3% during the 3rd quarter. California Public Employees Retirement System now owns 127,981 shares of the communications equipment provider’s stock worth $9,640,000 after acquiring an additional 31,247 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

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 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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