Viasat (VSAT) to Release Earnings on Tuesday

Viasat (NASDAQ:VSAT - Get Free Report) is expected to release its earnings data 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.

Viasat (NASDAQ:VSAT - Get Free Report) last announced 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). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($6.16) earnings per share. On average, analysts expect Viasat to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Viasat Trading Down 0.4 %

Shares of NASDAQ:VSAT traded down $0.04 during mid-day trading on Tuesday, hitting $10.22. The stock had a trading volume of 2,662,528 shares, compared to its average volume of 4,630,593. The company has a market cap of $1.31 billion, a PE ratio of -3.28 and a beta of 1.34. The company's 50 day moving average is $9.16 and its 200-day moving average is $12.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. Viasat has a 12-month low of $6.69 and a 12-month high of $26.70.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VSAT shares. Barclays lowered their target price 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. Cantor Fitzgerald began coverage on shares of Viasat in a research note on Friday. They issued a "neutral" rating and a $12.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $19.00 price objective on shares of Viasat in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.43.

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.