Gilat Satellite Networks (GILT) Scheduled to Post Quarterly Earnings on Wednesday

Gilat Satellite Networks (NASDAQ:GILT) will announce its earnings results before the market opens on Wednesday, May 8th. Parties interested in registering for the company’s conference call can do so using this link.

Gilat Satellite Networks (NASDAQ:GILT) last posted its earnings results on Monday, February 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $75.61 million during the quarter. Gilat Satellite Networks had a return on equity of 7.42% and a net margin of 8.83%.

Gilat Satellite Networks Stock Up 1.9 %

Shares of Gilat Satellite Networks stock opened at $5.47 on Monday. Gilat Satellite Networks has a 12-month low of $4.95 and a 12-month high of $7.16. The stock has a market capitalization of $311.90 million, a P/E ratio of 13.02 and a beta of 0.60. The company has a quick ratio of 1.60, a current ratio of 1.90 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $5.55 and a two-hundred day moving average price of $5.97.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, April 15th.

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. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services.