Wall Street brokerages expect that ViaSat, Inc. (NASDAQ:VSAT) will post $548.61 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ViaSat’s earnings. The highest sales estimate is $557.60 million and the lowest is $542.70 million. ViaSat posted sales of $439.67 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The company is expected to announce its next earnings results on Thursday, May 23rd.

On average, analysts expect that ViaSat will report full year sales of $2.04 billion for the current financial year, with estimates ranging from $2.01 billion to $2.07 billion. For the next year, analysts anticipate that the business will report sales of $2.28 billion, with estimates ranging from $2.24 billion to $2.30 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover ViaSat.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.24. The firm had revenue of $554.69 million during the quarter, compared to analyst estimates of $487.99 million. ViaSat had a negative return on equity of 4.60% and a negative net margin of 4.62%. The company’s revenue was up 45.3% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share.

A number of brokerages have recently commented on VSAT. Raymond James lifted their price target on shares of ViaSat from $73.00 to $81.00 and gave the stock a “positive” rating in a report on Friday, February 15th. Barclays reaffirmed a “sell” rating and set a $66.00 price target on shares of ViaSat in a research report on Wednesday, February 13th. BidaskClub raised ViaSat from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Morgan Stanley boosted their target price on ViaSat from $67.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, November 30th. Finally, Zacks Investment Research raised ViaSat from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. ViaSat has an average rating of “Buy” and an average price target of $69.71.

Shares of VSAT stock traded up $0.47 on Wednesday, reaching $77.76. 271,944 shares of the company were exchanged, compared to its average volume of 478,712. The stock has a market capitalization of $4.70 billion, a P/E ratio of -90.42 and a beta of 0.90. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.60. ViaSat has a 1 year low of $55.93 and a 1 year high of $77.67.

In other ViaSat news, Director Jeffrey M. Nash sold 5,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $75.00, for a total value of $375,000.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $375,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director B Allen Lay sold 2,000 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $71.50, for a total value of $143,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,401 shares of company stock worth $10,214,969. 8.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of VSAT. BlackRock Inc. lifted its stake in shares of ViaSat by 3.3% in the 4th quarter. BlackRock Inc. now owns 6,612,721 shares of the communications equipment provider’s stock worth $389,817,000 after acquiring an additional 211,159 shares during the period. Vanguard Group Inc. increased its holdings in ViaSat by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,124,401 shares of the communications equipment provider’s stock valued at $327,706,000 after buying an additional 153,301 shares during the period. Vanguard Group Inc increased its holdings in ViaSat by 3.1% during the third quarter. Vanguard Group Inc now owns 5,124,401 shares of the communications equipment provider’s stock valued at $327,706,000 after buying an additional 153,301 shares during the period. Odey Asset Management Group Ltd increased its holdings in ViaSat by 4.4% during the fourth quarter. Odey Asset Management Group Ltd now owns 3,153,470 shares of the communications equipment provider’s stock valued at $185,897,000 after buying an additional 132,641 shares during the period. Finally, Franklin Resources Inc. increased its holdings in ViaSat by 5.2% during the third quarter. Franklin Resources Inc. now owns 2,412,023 shares of the communications equipment provider’s stock valued at $154,249,000 after buying an additional 119,576 shares during the period.

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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