$464.51 Million in Sales Expected for ViaSat, Inc. (VSAT) This Quarter

Wall Street analysts expect ViaSat, Inc. (NASDAQ:VSAT) to post $464.51 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for ViaSat’s earnings, with the highest sales estimate coming in at $479.30 million and the lowest estimate coming in at $445.50 million. ViaSat reported sales of $393.07 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that ViaSat will report full year sales of $1.94 billion for the current year, with estimates ranging from $1.90 billion to $1.98 billion. For the next financial year, analysts forecast that the company will post sales of $2.19 billion, with estimates ranging from $1.92 billion to $2.32 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover ViaSat.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.07). The company had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $429.75 million. ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share.



Several equities analysts recently weighed in on the stock. BidaskClub cut shares of ViaSat from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. TheStreet upgraded ViaSat from a “d+” rating to a “c-” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded ViaSat from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. Morgan Stanley cut their price objective on ViaSat from $71.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 12th. Finally, Barclays set a $50.00 price objective on ViaSat and gave the company a “sell” rating in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.38.

VSAT opened at $62.15 on Tuesday. The firm has a market cap of $3.64 billion, a P/E ratio of -72.27 and a beta of 0.81. ViaSat has a fifty-two week low of $59.16 and a fifty-two week high of $80.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 0.88.

In other ViaSat news, COO Richard A. Baldridge sold 31,700 shares of ViaSat stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $63.23, for a total value of $2,004,391.00. Following the completion of the transaction, the chief operating officer now directly owns 61,700 shares of the company’s stock, valued at approximately $3,901,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $70.22, for a total transaction of $49,154.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $49,154. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,800 shares of company stock valued at $2,580,179. 8.10% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its position in ViaSat by 3.7% in the second quarter. BlackRock Inc. now owns 6,188,492 shares of the communications equipment provider’s stock worth $406,707,000 after acquiring an additional 219,810 shares in the last quarter. Odey Asset Management Group Ltd boosted its holdings in shares of ViaSat by 2.6% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,345,372 shares of the communications equipment provider’s stock worth $154,138,000 after purchasing an additional 59,556 shares during the period. Sylebra HK Co Ltd boosted its holdings in shares of ViaSat by 158.6% in the 2nd quarter. Sylebra HK Co Ltd now owns 1,304,806 shares of the communications equipment provider’s stock worth $85,752,000 after purchasing an additional 800,248 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of ViaSat by 16.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,464 shares of the communications equipment provider’s stock worth $53,921,000 after purchasing an additional 116,824 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of ViaSat by 1.3% in the 2nd quarter. Northern Trust Corp now owns 815,627 shares of the communications equipment provider’s stock worth $53,603,000 after purchasing an additional 10,770 shares during the period.

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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