B. Riley Comments on ViaSat, Inc.’s Q1 2019 Earnings (VSAT)
ViaSat, Inc. (NASDAQ:VSAT) – Research analysts at B. Riley issued their Q1 2019 earnings estimates for shares of ViaSat in a research note issued on Wednesday, August 8th. B. Riley analyst M. Crawford forecasts that the communications equipment provider will post earnings per share of ($0.58) for the quarter. B. Riley also issued estimates for ViaSat’s Q2 2019 earnings at ($0.38) EPS, Q3 2019 earnings at ($0.25) EPS, Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($1.26) EPS and FY2020 earnings at $0.59 EPS.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.57) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.07). ViaSat had a negative return on equity of 2.56% and a negative net margin of 4.22%. The business had revenue of $438.90 million for the quarter, compared to analyst estimates of $429.75 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s revenue was up 15.5% compared to the same quarter last year.
Shares of ViaSat opened at $71.77 on Friday, Marketbeat.com reports. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. ViaSat has a 1 year low of $58.62 and a 1 year high of $80.26. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -83.45 and a beta of 0.88.
In other news, Director Jeffrey M. Nash sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $62.68, for a total transaction of $125,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John P. Stenbit sold 700 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $62.97, for a total value of $44,079.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at $44,079. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,594 shares of company stock valued at $2,967,811. Insiders own 8.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VSAT. Verition Fund Management LLC acquired a new position in ViaSat during the first quarter valued at $200,000. Sciencast Management LP acquired a new position in ViaSat during the first quarter valued at $219,000. LPL Financial LLC acquired a new position in ViaSat during the first quarter valued at $235,000. Royal Bank of Canada increased its position in ViaSat by 109.7% in the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock worth $252,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new position in ViaSat in the 1st quarter worth about $388,000.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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