Wall Street brokerages expect that Viasat, Inc. (NASDAQ:VSAT – Get Rating) will report $722.11 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Viasat’s earnings. The lowest sales estimate is $708.40 million and the highest is $743.90 million. Viasat reported sales of $595.78 million in the same quarter last year, which indicates a positive year over year growth rate of 21.2%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Viasat will report full year sales of $2.81 billion for the current year, with estimates ranging from $2.79 billion to $2.83 billion. For the next financial year, analysts forecast that the business will post sales of $3.13 billion, with estimates ranging from $2.91 billion to $3.51 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Viasat.
Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Viasat in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James decreased their target price on Viasat from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Finally, Needham & Company LLC cut their price target on shares of Viasat from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, February 4th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Viasat presently has an average rating of “Buy” and a consensus price target of $59.75.
Shares of NASDAQ:VSAT opened at $37.39 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 128.93 and a beta of 1.18. Viasat has a 1 year low of $36.20 and a 1 year high of $68.76. The stock’s fifty day moving average price is $45.51.
About Viasat (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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