Viasat (NASDAQ:VSAT – Get Rating) issued its quarterly earnings results on Wednesday. The communications equipment provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.12, MarketWatch Earnings reports. Viasat had a net margin of 0.78% and a return on equity of 0.81%. The business had revenue of $701.70 million for the quarter, compared to the consensus estimate of $724.40 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis.
VSAT stock opened at $36.55 on Friday. The firm’s fifty day simple moving average is $42.91 and its 200-day simple moving average is $45.11. The company has a market capitalization of $2.72 billion, a P/E ratio of 126.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.31 and a quick ratio of 0.86. Viasat has a 12 month low of $35.05 and a 12 month high of $68.76.
Several hedge funds have recently added to or reduced their stakes in VSAT. Lazard Asset Management LLC purchased a new stake in shares of Viasat in the 1st quarter valued at $85,000. Quantbot Technologies LP acquired a new position in shares of Viasat in the 1st quarter valued at $168,000. HighTower Advisors LLC acquired a new position in Viasat during the first quarter worth $215,000. Envestnet Asset Management Inc. acquired a new position in Viasat during the first quarter worth $232,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Viasat during the first quarter worth $424,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.
Viasat Company Profile (Get Rating)
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, internet, and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and advanced software and communication infrastructure 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.
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