Q3 2017 EPS Estimates for DISH Network Corporation Boosted by Analyst (NASDAQ:DISH)
DISH Network Corporation (NASDAQ:DISH) – Stock analysts at SunTrust Banks upped their Q3 2017 earnings estimates for shares of DISH Network Corporation in a research report issued on Friday. SunTrust Banks analyst G. Miller now anticipates that the company will earn $0.66 per share for the quarter, up from their previous forecast of $0.54. SunTrust Banks currently has a “Hold” rating and a $60.00 target price on the stock.
Several other equities analysts have also commented on the company. Hilliard Lyons lowered DISH Network Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Barclays PLC raised DISH Network Corporation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $62.00 to $74.00 in a research note on Thursday, April 27th. Deutsche Bank AG decreased their price target on DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Pivotal Research lowered DISH Network Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $86.00 to $70.00 in a research note on Monday, May 1st. Finally, Macquarie lowered DISH Network Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $61.00 in a research note on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.31.
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DISH Network Corporation (NASDAQ:DISH) opened at 59.71 on Monday. The stock’s 50 day moving average price is $64.03 and its 200-day moving average price is $62.81. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50. The company has a market capitalization of $27.82 billion, a P/E ratio of 20.17 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share.
Large investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of DISH Network Corporation by 4.3% in the second quarter. Principal Financial Group Inc. now owns 346,930 shares of the company’s stock valued at $21,773,000 after buying an additional 14,257 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of DISH Network Corporation during the second quarter valued at $304,000. Ray Gerald L & Associates Ltd. increased its stake in shares of DISH Network Corporation by 63.9% in the second quarter. Ray Gerald L & Associates Ltd. now owns 5,900 shares of the company’s stock valued at $370,000 after buying an additional 2,300 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of DISH Network Corporation during the second quarter valued at $2,171,000. Finally, Neuberger Berman Group LLC increased its stake in shares of DISH Network Corporation by 14.7% in the second quarter. Neuberger Berman Group LLC now owns 287,402 shares of the company’s stock valued at $18,037,000 after buying an additional 36,791 shares during the period. Institutional investors own 49.99% of the company’s stock.
In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 49.30% of the stock is owned by corporate insiders.
About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, 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 and Fixed Satellite Service 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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