Viasat (VSAT) to Release Quarterly Earnings on Tuesday

Viasat (NASDAQ:VSAT) is anticipated to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.53) per share and revenue of $1,130,960.00 billion for the quarter.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. Viasat’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($6.16) EPS. 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 NASDAQ VSAT opened at $10.26 on Tuesday. 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 one year low of $6.69 and a one year high of $26.70. The company’s fifty day moving average is $9.16 and its two-hundred day moving average is $12.29. The firm has a market capitalization of $1.32 billion, a P/E ratio of -3.29 and a beta of 1.34.

Analyst Ratings Changes

Several analysts have commented on VSAT shares. Barclays lowered their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Viasat in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald assumed coverage on Viasat in a research note on Friday. They set a “neutral” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.43.

Insider Buying and Selling at Viasat

In other news, EVP Mark J. Miller sold 3,564 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total transaction of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares of the company’s stock, valued at $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by corporate insiders.

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.