Wall Street brokerages predict that Viasat, Inc. (NASDAQ:VSAT) will announce sales of $423.68 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Viasat’s earnings, with estimates ranging from $417.10 million to $427.78 million. Viasat reported sales of $416.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The business is expected to report its next quarterly earnings results on Tuesday, May 22nd.

According to Zacks, analysts expect that Viasat will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.58 billion. For the next fiscal year, analysts expect that the company will post sales of $1.89 billion per share, with estimates ranging from $1.77 billion to $2.00 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Viasat.

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Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Viasat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The firm had revenue of $381.80 million for the quarter, compared to analysts’ expectations of $392.99 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year.

Several analysts have recently commented on the stock. TheStreet cut shares of Viasat from a “c” rating to a “d+” rating in a research note on Tuesday, April 10th. Zacks Investment Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $74.00 price target (down from $78.00) on shares of Viasat in a research note on Monday, April 9th. BidaskClub cut shares of Viasat from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Finally, Royal Bank of Canada set a $52.00 price target on shares of Viasat and gave the company a “sell” rating in a research note on Tuesday, March 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $73.90.

In other Viasat news, Director Jeffrey M. Nash sold 2,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $72.65, for a total value of $145,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John P. Stenbit sold 700 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $65.50, for a total transaction of $45,850.00. Following the completion of the sale, the director now owns 10,300 shares in the company, valued at $674,650. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,387 shares of company stock worth $528,028. Company insiders own 7.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. New Mexico Educational Retirement Board acquired a new stake in Viasat in the fourth quarter worth $1,003,000. Bridger Management LLC acquired a new stake in shares of Viasat during the fourth quarter worth $35,880,000. Zeke Capital Advisors LLC acquired a new stake in shares of Viasat during the fourth quarter worth $241,000. Rice Hall James & Associates LLC acquired a new stake in shares of Viasat during the fourth quarter worth $19,848,000. Finally, BlackRock Inc. raised its holdings in shares of Viasat by 1.9% during the fourth quarter. BlackRock Inc. now owns 5,732,578 shares of the communications equipment provider’s stock worth $429,084,000 after acquiring an additional 107,174 shares during the period.

VSAT opened at $63.81 on Tuesday. Viasat has a one year low of $57.75 and a one year high of $80.26. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $3,682.71, a PE ratio of 110.02, a P/E/G ratio of 126.27 and a beta of 0.87.

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About Viasat

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services.

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