Gilat Satellite Networks (GILT) Set to Announce Earnings on Wednesday

Gilat Satellite Networks (NASDAQ:GILT) is scheduled to be issuing its earnings results before the market opens on Wednesday, May 8th. Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Gilat Satellite Networks Trading Up 1.9 %

GILT opened at $5.47 on Monday. The company has a market cap of $311.90 million, a P/E ratio of 13.02 and a beta of 0.60. The company has a current ratio of 1.90, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $5.55 and its 200-day moving average is $5.97. Gilat Satellite Networks has a 1-year low of $4.95 and a 1-year high of $7.16.

Analysts Set New Price Targets

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

About Gilat Satellite Networks

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.