Gilat Satellite Networks Ltd. (NASDAQ:GILT) Forecasted to Post Q3 2024 Earnings of $0.08 Per Share

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – Analysts at William Blair issued their Q3 2024 EPS estimates for shares of Gilat Satellite Networks in a report released on Thursday, September 26th. William Blair analyst L. Dipalma expects that the communications equipment provider will earn $0.08 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Gilat Satellite Networks’ Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.32 EPS, FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.70 EPS.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 19th. Needham & Company LLC restated a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note on Thursday, August 8th.

Gilat Satellite Networks Stock Performance

Gilat Satellite Networks stock opened at $5.13 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.81. Gilat Satellite Networks has a 1-year low of $4.04 and a 1-year high of $6.80. The firm has a market capitalization of $292.50 million, a P/E ratio of 12.50 and a beta of 0.58. The company’s 50-day moving average is $4.60 and its 200 day moving average is $4.99.

Gilat Satellite Networks (NASDAQ:GILT) last announced its earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a net margin of 6.80% and a return on equity of 8.23%. The firm had revenue of $76.63 million for the quarter.

Institutional Trading of Gilat Satellite Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundry Partners LLC acquired a new stake in Gilat Satellite Networks during the first quarter valued at $3,521,000. Quadrature Capital Ltd grew its position in shares of Gilat Satellite Networks by 19.6% in the first quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 5,559 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Gilat Satellite Networks in the second quarter valued at about $46,000. Tidal Investments LLC acquired a new stake in shares of Gilat Satellite Networks in the first quarter valued at about $316,000. Finally, Renaissance Technologies LLC grew its position in shares of Gilat Satellite Networks by 2.3% in the second quarter. Renaissance Technologies LLC now owns 1,077,733 shares of the communications equipment provider’s stock valued at $4,817,000 after purchasing an additional 24,204 shares during the period. Institutional investors and hedge funds own 35.72% of the company’s stock.

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.