$30.28 Million in Sales Expected for Globalstar, Inc. (NYSE:GSAT) This Quarter

Wall Street brokerages expect that Globalstar, Inc. (NYSE:GSATGet Rating) will announce sales of $30.28 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Globalstar’s earnings, with the highest sales estimate coming in at $30.67 million and the lowest estimate coming in at $29.89 million. Globalstar also reported sales of $30.28 million during the same quarter last year. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Globalstar will report full year sales of $124.50 million for the current financial year, with estimates ranging from $122.29 million to $126.70 million. For the next financial year, analysts expect that the company will post sales of $126.84 million, with estimates ranging from $126.40 million to $127.28 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Globalstar.

Separately, StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a report on Wednesday.

NYSE GSAT opened at $1.09 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 0.89. Globalstar has a fifty-two week low of $0.90 and a fifty-two week high of $2.78. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -21.80 and a beta of 0.27.

Globalstar Company Profile (Get Rating)

Globalstar, Inc provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.

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