Analysts expect ViaSat, Inc. (NASDAQ:VSAT) to report sales of $423.68 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for ViaSat’s earnings. The highest sales estimate is $427.78 million and the lowest is $417.10 million. ViaSat posted sales of $416.42 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The business is expected to issue its next quarterly earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that ViaSat will report full-year sales of $423.68 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.58 billion. For the next year, analysts anticipate that the firm will post sales of $1.89 billion per share, with estimates ranging from $1.77 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for ViaSat.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. ViaSat had a negative return on equity of 1.13% and a negative net margin of 2.59%. The firm had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. During the same period in the prior year, the business earned $0.29 EPS. The firm’s revenue was up .3% on a year-over-year basis.
ViaSat (VSAT) opened at $75.35 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat has a 12-month low of $57.75 and a 12-month high of $80.26.
In other news, Director John P. Stenbit sold 800 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total value of $59,888.00. Following the completion of the sale, the director now owns 10,400 shares in the company, valued at $778,544. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Stenbit sold 700 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $69.86, for a total value of $48,902.00. Following the completion of the sale, the director now owns 10,300 shares of the company’s stock, valued at approximately $719,558. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,300 shares of company stock valued at $238,624. Insiders own 7.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Swift Run Capital Management LLC acquired a new stake in shares of ViaSat in the fourth quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ViaSat by 54.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 987 shares during the period. Iberiabank Corp acquired a new stake in shares of ViaSat in the fourth quarter valued at $225,000. Zeke Capital Advisors LLC acquired a new stake in shares of ViaSat in the fourth quarter valued at $241,000. Finally, Tiedemann Wealth Management LLC lifted its holdings in shares of ViaSat by 34.0% in the third quarter. Tiedemann Wealth Management LLC now owns 15,729 shares of the communications equipment provider’s stock valued at $244,000 after buying an additional 3,994 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.
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ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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