What is William Blair’s Forecast for GILT FY2024 Earnings?

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – William Blair boosted their FY2024 earnings per share (EPS) estimates for Gilat Satellite Networks in a report issued on Wednesday, November 13th. William Blair analyst L. Dipalma now expects that the communications equipment provider will post earnings per share of $0.48 for the year, up from their prior estimate of $0.32. William Blair has a “Outperform” rating on the stock. The consensus estimate for Gilat Satellite Networks’ current full-year earnings is $0.48 per share. William Blair also issued estimates for Gilat Satellite Networks’ Q4 2024 earnings at $0.14 EPS.

A number of other equities research analysts have also issued reports on GILT. Needham & Company LLC reissued a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Friday. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday.

Gilat Satellite Networks Stock Up 3.1 %

Shares of GILT opened at $5.03 on Monday. Gilat Satellite Networks has a 52-week low of $4.04 and a 52-week high of $6.80. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $4.90. The company has a market capitalization of $286.81 million, a PE ratio of 17.35 and a beta of 0.59.

Institutional Investors Weigh In On Gilat Satellite Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. acquired a new stake in shares of Gilat Satellite Networks during the 1st quarter worth about $4,201,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Gilat Satellite Networks during the second quarter valued at about $3,000,000. Foundry Partners LLC raised its stake in shares of Gilat Satellite Networks by 27.4% in the 2nd quarter. Foundry Partners LLC now owns 826,185 shares of the communications equipment provider’s stock valued at $3,693,000 after acquiring an additional 177,675 shares during the period. Marshall Wace LLP lifted its holdings in shares of Gilat Satellite Networks by 410.2% in the 2nd quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock worth $578,000 after acquiring an additional 103,924 shares during the last quarter. Finally, Clearline Capital LP boosted its position in shares of Gilat Satellite Networks by 510.5% during the 3rd quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after purchasing an additional 83,127 shares during the period. Hedge funds and other institutional investors 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.