Analysts Set Expectations for Gilat Satellite Networks Ltd.’s Q3 2024 Earnings (NASDAQ:GILT)

Gilat Satellite Networks Ltd. (NASDAQ:GILT) – Investment analysts at William Blair issued their Q3 2024 earnings per share estimates for shares of Gilat Satellite Networks in a report released on Thursday, September 26th. William Blair analyst L. Dipalma forecasts that the communications equipment provider will post earnings of $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.

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

GILT has been the subject of a number of other reports. StockNews.com cut 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 set a $8.50 target price on shares of Gilat Satellite Networks in a research report on Thursday, August 8th.

Gilat Satellite Networks Price Performance

Shares of GILT stock opened at $5.13 on Monday. The firm’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $4.99. The stock has a market cap of $292.50 million, a PE ratio of 12.56 and a beta of 0.58. Gilat Satellite Networks has a 52-week low of $4.04 and a 52-week high of $6.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.14.

Institutional Investors Weigh In On Gilat Satellite Networks

Several hedge funds have recently bought and sold shares of GILT. Quadrature Capital Ltd increased its holdings in shares of Gilat Satellite Networks by 129.3% in the fourth quarter. Quadrature Capital Ltd now owns 28,378 shares of the communications equipment provider’s stock worth $174,000 after acquiring an additional 16,004 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Gilat Satellite Networks in the first quarter valued at approximately $3,521,000. AWM Investment Company Inc. bought a new stake in shares of Gilat Satellite Networks during the first quarter worth $4,201,000. Tidal Investments LLC acquired a new position in Gilat Satellite Networks in the 1st quarter worth $316,000. Finally, LA Financiere DE L Echiquier boosted its stake in Gilat Satellite Networks by 20.4% in the 2nd quarter. LA Financiere DE L Echiquier now owns 188,800 shares of the communications equipment provider’s stock worth $844,000 after purchasing an additional 32,000 shares during the period. 35.72% of the stock is currently owned by institutional investors and hedge funds.

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.