Viasat (VSAT) to Release Earnings on Wednesday

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

Viasat Stock Down 6.1 %

Shares of NASDAQ:VSAT traded down $0.62 during trading hours on Thursday, reaching $9.60. The stock had a trading volume of 2,233,996 shares, compared to its average volume of 1,726,496. Viasat has a 1 year low of $9.52 and a 1 year high of $29.11. The firm's 50 day moving average is $12.93 and its 200-day moving average is $15.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -1.25 and a beta of 1.34.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VSAT shares. Bank of America lowered their target price on shares of Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a report on Friday, September 20th. Needham & Company LLC decreased their price target on shares of Viasat from $28.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. StockNews.com cut shares of Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Finally, JPMorgan Chase & Co. cut shares of Viasat from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.83.

Insider Activity

In other news, insider Cpp Investment Board Private H sold 2,811,442 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.90, for a total value of $55,947,695.80. Following the completion of the transaction, the insider now owns 8,545,334 shares in the company, valued at $170,052,146.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company's stock.

About Viasat

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.