What is William Blair’s Forecast for GILT FY2024 Earnings?

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – Equities research analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for Gilat Satellite Networks in a research report issued to clients and investors on Wednesday, November 13th. William Blair analyst L. Dipalma now forecasts that the communications equipment provider will earn $0.48 per share for the year, up from their prior estimate 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.

A number of other research firms have also recently issued reports on GILT. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Friday.

Gilat Satellite Networks Trading Up 10.9 %

NASDAQ:GILT opened at $5.58 on Monday. The firm has a market capitalization of $318.17 million, a P/E ratio of 19.24 and a beta of 0.59. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $5.01 and a 200 day moving average of $4.90. Gilat Satellite Networks has a 52 week low of $4.04 and a 52 week high of $6.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GILT. BNP Paribas Financial Markets purchased a new stake in Gilat Satellite Networks in the third quarter worth $27,000. Wedbush Securities Inc. bought a new stake in shares of Gilat Satellite Networks during the 2nd quarter valued at $46,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Gilat Satellite Networks in the 2nd quarter worth about $69,000. Clearline Capital LP bought a new position in shares of Gilat Satellite Networks in the 2nd quarter worth about $73,000. Finally, GSA Capital Partners LLP purchased a new position in Gilat Satellite Networks during the 3rd quarter valued at about $140,000. Institutional investors 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.