Analysts forecast that ViaSat, Inc. (NASDAQ:VSAT) will announce sales of $464.51 million for the current quarter, Zacks reports. Four analysts have provided estimates for ViaSat’s earnings. The highest sales estimate is $479.30 million and the lowest is $445.50 million. ViaSat reported sales of $393.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The firm is expected to report its next earnings results on Wednesday, November 14th.

On average, analysts expect that ViaSat will report full year sales of $1.91 billion for the current fiscal year, with estimates ranging from $1.79 billion to $1.98 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.19 billion, with estimates ranging from $1.92 billion to $2.32 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover ViaSat.

ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.07). The firm had revenue of $438.90 million during the quarter, compared to analyst estimates of $429.75 million. ViaSat had a negative net margin of 5.58% and a negative return on equity of 3.97%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share.

Several brokerages have recently issued reports on VSAT. BidaskClub cut ViaSat from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. TheStreet upgraded ViaSat from a “d+” rating to a “c-” rating in a research note on Thursday, July 19th. Morgan Stanley decreased their price objective on ViaSat from $71.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 12th. Barclays set a $50.00 price objective on ViaSat and gave the company a “sell” rating in a research note on Monday, August 13th. Finally, ValuEngine upgraded ViaSat from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.38.

Shares of VSAT traded down $1.39 during midday trading on Friday, hitting $60.56. The company had a trading volume of 520,007 shares, compared to its average volume of 415,885. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.37. The stock has a market capitalization of $3.81 billion, a PE ratio of -70.42 and a beta of 0.81. ViaSat has a 1 year low of $59.16 and a 1 year high of $80.26.

In related news, Director Jeffrey M. Nash sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $62.80, for a total transaction of $314,000.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $314,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Richard A. Baldridge sold 31,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $63.23, for a total value of $2,004,391.00. Following the sale, the chief operating officer now owns 61,700 shares of the company’s stock, valued at approximately $3,901,291. The disclosure for this sale can be found here. Insiders sold a total of 39,800 shares of company stock valued at $2,518,929 in the last quarter. Company insiders own 8.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Summit Trail Advisors LLC purchased a new stake in ViaSat during the second quarter worth approximately $133,000. Verition Fund Management LLC purchased a new stake in ViaSat during the first quarter worth approximately $200,000. Sciencast Management LP purchased a new stake in ViaSat during the first quarter worth approximately $219,000. LPL Financial LLC purchased a new stake in ViaSat during the first quarter worth approximately $235,000. Finally, Royal Bank of Canada lifted its stake in ViaSat by 109.7% during the first quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock worth $252,000 after purchasing an additional 2,018 shares during the last quarter.

ViaSat Company Profile

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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

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Earnings History and Estimates for ViaSat (NASDAQ:VSAT)

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