FY2016 EPS Estimates for Dish Network Corp. (DISH) Decreased by Jefferies Group
Dish Network Corp. (NASDAQ:DISH) – Investment analysts at Jefferies Group cut their FY2016 earnings per share (EPS) estimates for Dish Network Corp. in a research note issued on Thursday. Jefferies Group analyst M. Mccormack now expects that the brokerage will earn $2.94 per share for the year, down from their previous forecast of $3.09. Jefferies Group currently has a “Buy” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Dish Network Corp.’s Q4 2016 earnings at $0.61 EPS and FY2017 earnings at $2.57 EPS.
A number of other equities research analysts have also weighed in on DISH. Telsey Advisory Group decreased their price objective on shares of Dish Network Corp. from $69.00 to $62.00 and set a “market perform” rating for the company in a report on Monday, July 25th. Pacific Crest reiterated a “hold” rating on shares of Dish Network Corp. in a report on Friday, July 22nd. JPMorgan Chase & Co. reiterated a “buy” rating and set a $85.00 price objective on shares of Dish Network Corp. in a report on Thursday. Wunderlich lowered shares of Dish Network Corp. from a “hold” rating to a “sell” rating and set a $48.00 price objective for the company. in a report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Dish Network Corp. from $50.00 to $56.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $66.74.
Dish Network Corp. (NASDAQ:DISH) opened at 55.55 on Friday. The company has a market cap of $25.83 billion, a P/E ratio of 26.30 and a beta of 1.05. The stock has a 50 day moving average of $56.35 and a 200 day moving average of $52.22. Dish Network Corp. has a 52 week low of $38.85 and a 52 week high of $64.58.
Dish Network Corp. (NASDAQ:DISH) last issued its earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.04. The firm earned $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Dish Network Corp. had a return on equity of 40.84% and a net margin of 6.48%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS.
In related news, insider Carl E. Vogel sold 30,000 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 49.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in Dish Network Corp. by 57.4% in the third quarter. Toronto Dominion Bank now owns 1,953 shares of the company’s stock worth $107,000 after buying an additional 712 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Dish Network Corp. by 25.0% in the third quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $110,000 after buying an additional 400 shares during the last quarter. Mycio Wealth Partners LLC acquired a new stake in Dish Network Corp. during the second quarter worth about $126,000. Bessemer Group Inc. acquired a new stake in Dish Network Corp. during the second quarter worth about $128,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Dish Network Corp. by 306.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the company’s stock worth $128,000 after buying an additional 1,841 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers Pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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