William Blair Issues Pessimistic Outlook for GILT Earnings

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) - William Blair cut their Q2 2025 EPS estimates for Gilat Satellite Networks in a research report issued on Monday, May 19th. William Blair analyst L. Dipalma now anticipates that the communications equipment provider will earn $0.00 per share for the quarter, down from their previous estimate of $0.11. The consensus estimate for Gilat Satellite Networks' current full-year earnings is $0.50 per share. William Blair also issued estimates for Gilat Satellite Networks' FY2025 earnings at $0.33 EPS and FY2026 earnings at $0.72 EPS.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last issued its earnings results on Monday, May 19th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The business had revenue of $92.04 million for the quarter, compared to the consensus estimate of $100.67 million. Gilat Satellite Networks had a return on equity of 9.74% and a net margin of 8.14%.

GILT has been the subject of a number of other research reports. Needham & Company LLC reiterated a "buy" rating and set a $8.50 target price on shares of Gilat Satellite Networks in a research report on Tuesday. Wall Street Zen lowered shares of Gilat Satellite Networks from a "buy" rating to a "hold" rating in a research report on Tuesday.

Gilat Satellite Networks Stock Performance

NASDAQ:GILT traded down $0.16 on Thursday, reaching $5.48. 373,348 shares of the company's stock were exchanged, compared to its average volume of 303,821. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.52 and a quick ratio of 2.14. The firm has a market cap of $312.45 million, a price-to-earnings ratio of 12.45 and a beta of 0.37. Gilat Satellite Networks has a 52 week low of $4.04 and a 52 week high of $8.05. The stock has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.38.

Hedge Funds Weigh In On Gilat Satellite Networks

A number of large investors have recently modified their holdings of GILT. Inspire Investing LLC bought a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $864,000. Van ECK Associates Corp boosted its position in shares of Gilat Satellite Networks by 279.0% in the fourth quarter. Van ECK Associates Corp now owns 136,380 shares of the communications equipment provider's stock valued at $839,000 after acquiring an additional 100,396 shares during the period. Raymond James Financial Inc. bought a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $226,000. LBP AM SA boosted its position in shares of Gilat Satellite Networks by 83.9% in the fourth quarter. LBP AM SA now owns 347,268 shares of the communications equipment provider's stock valued at $2,136,000 after acquiring an additional 158,468 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $85,000. 35.72% of the stock is currently owned by institutional investors.

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.