ViaSat (NASDAQ:VSAT) issued its earnings results on Thursday. The communications equipment provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.17, Fidelity Earnings reports. ViaSat had a negative return on equity of 2.26% and a negative net margin of 2.08%. The company had revenue of $592.26 million for the quarter, compared to analyst estimates of $568.66 million.
NASDAQ VSAT traded up $4.30 on Friday, reaching $70.71. The company had a trading volume of 619,700 shares, compared to its average volume of 451,191. The stock has a market capitalization of $4.13 billion, a P/E ratio of -62.58 and a beta of 0.83. The company’s fifty day moving average is $71.63 and its 200 day moving average is $80.97. ViaSat has a 52-week low of $55.93 and a 52-week high of $97.31. The company has a quick ratio of 1.10, a current ratio of 1.64 and a debt-to-equity ratio of 0.85.
In other ViaSat news, insider Melinda Michele Kimbro sold 6,250 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $79.81, for a total value of $498,812.50. Following the completion of the transaction, the insider now owns 9,306 shares in the company, valued at approximately $742,711.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Johnson sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $77.68, for a total value of $388,400.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $388,400. The disclosure for this sale can be found here. Insiders sold a total of 24,750 shares of company stock valued at $1,936,048 over the last three months. 7.60% of the stock is currently owned by insiders.
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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