FY2018 Earnings Estimate for DISH Network Corporation Issued By Jefferies Group (DISH)
DISH Network Corporation (NASDAQ:DISH) – Equities research analysts at Jefferies Group reduced their FY2018 earnings per share estimates for shares of DISH Network Corporation in a report issued on Sunday. Jefferies Group analyst M. Mccormack now forecasts that the company will post earnings of $1.96 per share for the year, down from their previous estimate of $1.98.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the firm posted $0.88 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/12/fy2018-earnings-estimate-for-dish-network-corporation-issued-by-jefferies-group-dish.html.
DISH has been the subject of several other research reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $88.50 price target on shares of DISH Network Corporation in a report on Thursday, August 31st. BidaskClub cut DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Citigroup Inc. cut DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $94.00 to $52.00 in a research report on Wednesday, July 26th. Finally, Wunderlich reiterated a “sell” rating and set a $54.00 price objective on shares of DISH Network Corporation in a research report on Monday, June 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.87.
Shares of DISH Network Corporation (NASDAQ:DISH) traded up 0.11% during trading on Tuesday, reaching $54.62. 523,568 shares of the company were exchanged. DISH Network Corporation has a one year low of $49.42 and a one year high of $66.50. The company has a 50 day moving average price of $59.38 and a 200-day moving average price of $62.20. The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 25.40 and a beta of 0.98.
In other DISH Network Corporation news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,885 shares of company stock worth $1,544,018. 49.30% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. USA Financial Portformulas Corp bought a new stake in DISH Network Corporation in the second quarter worth approximately $6,544,000. Sentry Investment Management LLC increased its holdings in DISH Network Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 17,877 shares of the company’s stock worth $1,122,000 after purchasing an additional 187 shares in the last quarter. Toronto Dominion Bank increased its holdings in DISH Network Corporation by 25.8% in the second quarter. Toronto Dominion Bank now owns 77,053 shares of the company’s stock worth $4,835,000 after purchasing an additional 15,823 shares in the last quarter. Blockhouse Capital Management LP increased its holdings in DISH Network Corporation by 45.8% in the second quarter. Blockhouse Capital Management LP now owns 127,600 shares of the company’s stock worth $8,008,000 after purchasing an additional 40,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in DISH Network Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 389,076 shares of the company’s stock worth $24,418,000 after purchasing an additional 3,675 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.
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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