What is William Blair's Estimate for GILT FY2024 Earnings?

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) - Analysts at William Blair lifted their FY2024 earnings estimates for shares of Gilat Satellite Networks in a note issued to investors on Wednesday, November 13th. William Blair analyst L. Dipalma now anticipates that the communications equipment provider will post earnings per share of $0.48 for the year, up from their previous forecast of $0.32. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Gilat Satellite Networks' current full-year earnings is $0.48 per share. William Blair also issued estimates for Gilat Satellite Networks' Q4 2024 earnings at $0.14 EPS.

Several other equities analysts have also recently weighed in on GILT. StockNews.com raised shares of Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday. Needham & Company LLC reissued a "buy" rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note on Friday.

Gilat Satellite Networks Stock Up 10.9 %

Shares of GILT traded up $0.55 during mid-day trading on Monday, hitting $5.58. 391,015 shares of the company's stock were exchanged, compared to its average volume of 191,636. The company has a market cap of $318.17 million, a PE ratio of 19.24 and a beta of 0.59. Gilat Satellite Networks has a 52 week low of $4.04 and a 52 week high of $6.80. The company has a 50-day simple moving average of $5.01 and a 200 day simple moving average of $4.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 1.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in Gilat Satellite Networks during the third quarter worth about $27,000. Wedbush Securities Inc. acquired a new position in Gilat Satellite Networks during the second quarter worth about $46,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Gilat Satellite Networks during the second quarter worth about $69,000. Clearline Capital LP acquired a new position in Gilat Satellite Networks during the second quarter worth about $73,000. Finally, GSA Capital Partners LLP acquired a new position in Gilat Satellite Networks during the third quarter worth about $140,000. Institutional investors and hedge funds own 35.72% of the company's 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.