Viasat (VSAT) to Release Quarterly Earnings on Tuesday

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

Viasat (NASDAQ:VSAT - Get Free Report) 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 firm had revenue of $1.12 billion for 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%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted ($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 Price Performance

VSAT traded up $0.32 during midday trading on Friday, hitting $9.56. The stock had a trading volume of 2,030,458 shares, compared to its average volume of 4,370,577. The company has a market cap of $1.23 billion, a P/E ratio of -3.03 and a beta of 1.34. Viasat has a 1 year low of $6.69 and a 1 year high of $26.70. The business has a fifty day moving average of $9.30 and a 200 day moving average of $12.21. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44.

Insider Buying and Selling

In related news, EVP Mark J. Miller sold 3,564 shares of Viasat 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 sale, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VSAT shares. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 target price 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, Cantor Fitzgerald began coverage on Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.43.

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.