Viasat (VSAT) to Release Quarterly Earnings on Tuesday

Viasat (NASDAQ:VSAT) will likely be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.53) per share and revenue of $1.13 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Viasat (NASDAQ:VSAT) last issued its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($6.16) earnings per share. On average, analysts expect Viasat to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Viasat Trading Up 4.1 %

Shares of VSAT stock opened at $9.62 on Monday. The company has a market cap of $1.24 billion, a P/E ratio of -3.08 and a beta of 1.34. The stock has a 50 day simple moving average of $9.30 and a two-hundred day simple moving average of $12.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. Viasat has a fifty-two week low of $6.69 and a fifty-two week high of $26.70.

Insider Activity at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the transaction, the executive vice president now owns 350,351 shares of the company’s stock, valued at $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VSAT shares. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Viasat in a report on Tuesday, January 21st. Barclays decreased their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald began coverage on Viasat in a report on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Viasat has a consensus rating of “Hold” and a consensus target price of $17.43.

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.