Viasat (VSAT) Projected to Release Quarterly Earnings on Tuesday

Viasat (NASDAQ:VSAT) is expected to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect Viasat to post earnings of ($0.53) per share and revenue of $1,130,960.00 billion for the quarter.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company 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 Stock Performance

VSAT opened at $10.26 on Tuesday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -3.29 and a beta of 1.34. The firm’s fifty day simple moving average is $9.16 and its two-hundred day simple moving average is $12.29. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat has a 52-week low of $6.69 and a 52-week high of $26.70.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Viasat in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald started coverage on shares of Viasat in a research note on Friday. They set a “neutral” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Viasat has an average rating of “Hold” and a consensus target price of $17.43.

Insider Activity at Viasat

In other Viasat news, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the completion of the transaction, the executive vice president now owns 350,351 shares of the company’s stock, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.

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.