ViaSat (VSAT) Issues Quarterly Earnings Results
ViaSat (NASDAQ:VSAT) posted its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01, Bloomberg Earnings reports. The firm had revenue of $381.80 million during the quarter, compared to the consensus estimate of $392.99 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS.
ViaSat (NASDAQ VSAT) traded down $0.72 during midday trading on Thursday, reaching $70.79. The company’s stock had a trading volume of 557,463 shares, compared to its average volume of 332,097. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71. ViaSat has a 52 week low of $57.75 and a 52 week high of $80.26. The firm has a market cap of $4,120.00, a PE ratio of -353.95 and a beta of 0.79.
In related news, insider Keven K. Lippert sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $69.20, for a total value of $83,040.00. Following the sale, the insider now owns 2,949 shares in the company, valued at approximately $204,070.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Stenbit sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total value of $59,888.00. Following the completion of the sale, the director now owns 10,400 shares in the company, valued at approximately $778,544. The disclosure for this sale can be found here. Insiders have sold a total of 19,700 shares of company stock worth $1,440,937 in the last quarter. 7.70% of the stock is currently owned by insiders.
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ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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