ViaSat Inc. (VSAT) released its fourth quarter results on Tuesday, May 25, 2021. The company reported net earnings of $0.11 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 320 percent compared to the same period a year ago.
The company was founded in 1986 and is headquartered in Carlsbad, California. Viasat, Inc. provides broadband and communications products and services worldwide. It operates through three segments: Satellite Services, Commercial Networks, and Government Systems.
ViaSat's revenue decreased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 50.24% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 4.89% over the same period. Net earnings for past trailing twelve months were $3.69 million, up 1841% from the prior year.
Moving on to the balance sheet, ViaSat's cash levels dropped 3% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 17.25% this past year. The current ratio for ViaSat now stands at 1.4. The company increased shares outstanding by 10.27%.
Shares of VSAT are currently trading around $47.55. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 1362.46 and price to book ratio of 1.41.
This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, May 26, 2021.