Gilat Satellite Networks (GILT) to Release Earnings on Wednesday

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Gilat Satellite Networks to post earnings of $0.08 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%. The company had revenue of $76.63 million for the quarter. On average, analysts expect Gilat Satellite Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gilat Satellite Networks Price Performance

Shares of GILT traded up $0.17 during mid-day trading on Wednesday, reaching $5.48. The company had a trading volume of 200,650 shares, compared to its average volume of 187,332. The company's 50-day moving average is $4.90 and its 200-day moving average is $4.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.81. The company has a market capitalization of $312.47 million, a P/E ratio of 15.66 and a beta of 0.59. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $6.80.

Wall Street Analysts Forecast Growth

GILT has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note on Thursday, August 8th. William Blair began coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They issued an "outperform" rating on the stock.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.