Viasat (VSAT) to Release Earnings on Wednesday

Viasat (NASDAQ:VSAT) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.56) per share for the quarter.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.83) EPS. On average, analysts expect Viasat to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Viasat Trading Up 0.8 %

Viasat stock opened at $10.30 on Thursday. Viasat has a 12 month low of $9.98 and a 12 month high of $29.11. The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $15.15. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -1.24 and a beta of 1.34.

Analyst Upgrades and Downgrades

VSAT has been the subject of a number of recent research reports. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. JPMorgan Chase & Co. cut Viasat from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. Bank of America dropped their target price on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Needham & Company LLC dropped their target price on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Viasat has an average rating of “Hold” and a consensus price target of $20.83.

Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 2,811,442 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the sale, the insider now directly owns 8,545,334 shares in the company, valued at $170,052,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate 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 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.