Viasat (NASDAQ:VSAT) Issues Quarterly Earnings Results

Viasat (NASDAQ:VSAT) issued its quarterly earnings results on Thursday. The communications equipment provider reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70), Zacks reports. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%.

Viasat Trading Up 3.1 %

Shares of VSAT stock opened at $9.52 on Friday. The stock has a fifty day moving average of $9.29 and a 200 day moving average of $11.98. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat has a 52 week low of $6.69 and a 52 week high of $26.70.

Insider Activity at Viasat

In related news, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the transaction, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VSAT. Barclays dropped their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Cantor Fitzgerald initiated coverage on shares of Viasat in a research note on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective for the company. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Viasat in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Viasat currently has a consensus rating of “Hold” and an average target price of $15.43.

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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy 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.