Globalstar (GSAT) Set to Announce Earnings on Thursday

Globalstar (NYSEAMERICAN:GSAT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 6th. Analysts expect Globalstar to post earnings of ($0.02) per share for the quarter.

Globalstar (NYSEAMERICAN:GSAT) last announced its quarterly earnings results on Wednesday, March 3rd. The Wireless communications provider reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The company had revenue of $33.17 million for the quarter. Globalstar had a negative net margin of 98.82% and a negative return on equity of 27.62%. On average, analysts expect Globalstar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of GSAT stock traded down $0.03 during trading on Tuesday, reaching $1.17. 158,324 shares of the company’s stock traded hands, compared to its average volume of 39,807,559. The company has a market capitalization of $1.97 billion, a P/E ratio of -16.57 and a beta of 0.44. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average is $0.35 and its 200 day moving average is $0.32. Globalstar has a 1 year low of $0.28 and a 1 year high of $2.98.

Several analysts have recently weighed in on the stock. TheStreet cut shares of Globalstar from a “c-” rating to a “d+” rating in a research report on Monday, April 19th. Morgan Stanley lowered shares of Globalstar from an “equal weight” rating to an “underweight” rating and set a $0.55 price target on the stock. in a report on Friday, January 22nd.

Globalstar Company Profile

Globalstar, Inc engages in the provision of mobile satellite services. It offers voice and data communications services to following markets: recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation.

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Earnings History for Globalstar (NYSEAMERICAN:GSAT)

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