Gilat Satellite Networks Ltd. Forecasted to Post Q3 2024 Earnings of $0.08 Per Share (NASDAQ:GILT)

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) - William Blair issued their Q3 2024 earnings per share estimates for shares of Gilat Satellite Networks in a research report issued to clients and investors on Thursday, September 26th. William Blair analyst L. Dipalma forecasts that the communications equipment provider will post earnings per share of $0.08 for the quarter. William Blair currently has a "Outperform" rating on the stock. William Blair also issued estimates for Gilat Satellite Networks' Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.32 EPS, FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.70 EPS.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last issued 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 net margin of 6.80% and a return on equity of 8.23%. The business had revenue of $76.63 million during the quarter.

A number of other analysts have also recently commented on the company. StockNews.com cut Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, June 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.50 price target on shares of Gilat Satellite Networks in a research report on Thursday, August 8th.

Gilat Satellite Networks Stock Performance

GILT traded up $0.18 on Monday, reaching $5.31. The company had a trading volume of 212,179 shares, compared to its average volume of 197,882. The company has a quick ratio of 1.81, a current ratio of 2.14 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks has a 1 year low of $4.04 and a 1 year high of $6.80. The stock has a market capitalization of $302.76 million, a PE ratio of 12.98 and a beta of 0.58. The stock has a 50-day moving average price of $4.60 and a 200-day moving average price of $4.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new position in shares of Gilat Satellite Networks during the second quarter worth about $46,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Gilat Satellite Networks in the second quarter valued at approximately $69,000. Clearline Capital LP purchased a new stake in shares of Gilat Satellite Networks during the second quarter worth approximately $73,000. Quadrature Capital Ltd lifted its holdings in shares of Gilat Satellite Networks by 129.3% during the fourth quarter. Quadrature Capital Ltd now owns 28,378 shares of the communications equipment provider's stock worth $174,000 after purchasing an additional 16,004 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Gilat Satellite Networks during the second quarter worth $243,000. 35.72% of the stock is owned by hedge funds and other institutional investors.

Gilat Satellite Networks Company Profile

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.