ViaSat (VSAT) Scheduled to Post Quarterly Earnings on Thursday

ViaSat (NASDAQ:VSAT) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.29. The business had revenue of $557.20 million during the quarter, compared to analysts’ expectations of $538.73 million. ViaSat had a negative return on equity of 3.47% and a negative net margin of 3.27%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) EPS. On average, analysts expect ViaSat to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:VSAT traded down $2.44 on Tuesday, hitting $74.36. 145,389 shares of the company’s stock were exchanged, compared to its average volume of 350,376. The stock’s 50-day moving average is $82.70. The stock has a market capitalization of $4.83 billion, a P/E ratio of -65.81 and a beta of 0.86. ViaSat has a 1-year low of $55.93 and a 1-year high of $97.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.83 and a quick ratio of 1.34.

In other ViaSat news, CFO Shawn Lynn Duffy sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $89.27, for a total transaction of $1,562,225.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Toro Melinda Michele Del sold 6,250 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.14, for a total value of $563,375.00. Following the sale, the insider now directly owns 9,306 shares of the company’s stock, valued at $838,842.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,028 shares of company stock valued at $39,546,239. Insiders own 7.60% of the company’s stock.

VSAT has been the subject of several analyst reports. Raymond James cut ViaSat from an “outperform” rating to a “market perform” rating and set a $90.92 price objective for the company. in a research report on Thursday, May 30th. They noted that the move was a valuation call. B. Riley upped their price objective on ViaSat from $89.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Zacks Investment Research cut ViaSat from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research report on Monday, July 29th. Bank of America reissued a “buy” rating and issued a $105.00 target price (up from $74.00) on shares of ViaSat in a research report on Monday, June 3rd. Finally, Needham & Company LLC upped their target price on ViaSat from $78.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.13.

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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Earnings History for ViaSat (NASDAQ:VSAT)

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