William Blair Has Optimistic Outlook of GILT FY2025 Earnings

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – Equities research analysts at William Blair boosted their FY2025 earnings per share (EPS) estimates for shares of Gilat Satellite Networks in a research report issued on Wednesday, November 13th. William Blair analyst L. Dipalma now forecasts that the communications equipment provider will post earnings per share of $0.47 for the year, up from their prior estimate of $0.44. William Blair has a “Outperform” rating on the stock. The consensus estimate for Gilat Satellite Networks’ current full-year earnings is $0.32 per share.

Several other brokerages have also recently commented on GILT. Needham & Company LLC restated a “buy” rating and set a $8.50 target price on shares of Gilat Satellite Networks in a report on Friday. StockNews.com upgraded Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday.

Gilat Satellite Networks Price Performance

Shares of GILT opened at $5.03 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.14 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $6.80. The stock has a market capitalization of $286.81 million, a P/E ratio of 17.35 and a beta of 0.59. The company has a 50 day moving average of $5.00 and a 200-day moving average of $4.90.

Hedge Funds Weigh In On Gilat Satellite Networks

Institutional investors have recently added to or reduced their stakes in the company. Clearline Capital LP increased its stake in shares of Gilat Satellite Networks by 510.5% during the 3rd quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after purchasing an additional 83,127 shares during the last quarter. PDT Partners LLC lifted its position in shares of Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock valued at $145,000 after buying an additional 9,287 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Gilat Satellite Networks during the 3rd quarter worth approximately $27,000. Foundry Partners LLC lifted its holdings in Gilat Satellite Networks by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider’s stock valued at $4,396,000 after purchasing an additional 8,045 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Gilat Satellite Networks during the third quarter worth $140,000. 35.72% of the stock is currently owned by institutional investors and hedge funds.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.