Viasat (VSAT) Projected to Post Quarterly Earnings on Tuesday

Viasat (NASDAQ:VSAT - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Viasat to post earnings of ($0.53) per share and revenue of $1.13 billion for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned ($6.16) earnings per share. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect Viasat to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Viasat Price Performance

Shares of Viasat stock traded down $0.01 during trading on Wednesday, hitting $9.23. 1,978,618 shares of the company's stock traded hands, compared to its average volume of 4,159,738. The firm's fifty day moving average price is $9.30 and its 200 day moving average price is $12.02. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a market cap of $1.19 billion, a PE ratio of -2.96 and a beta of 1.35.

Insider Buying and Selling

In other news, EVP Mark J. Miller sold 3,564 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total transaction of $32,824.44. Following the completion of the transaction, the executive vice president now directly owns 350,351 shares of the company's stock, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

VSAT has been the subject of several recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of Viasat in a report on Tuesday, January 21st. Barclays reduced their price objective on Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 20th. Finally, Morgan Stanley cut their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.43.

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.