Zacks: Analysts Anticipate DISH Network Corporation (DISH) Will Announce Earnings of $0.61 Per Share
Wall Street brokerages predict that DISH Network Corporation (NASDAQ:DISH) will announce earnings of $0.61 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for DISH Network Corporation’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.75. DISH Network Corporation posted earnings per share of $0.70 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.9%. The company is expected to report its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that DISH Network Corporation will report full-year earnings of $2.06 per share for the current year, with EPS estimates ranging from $1.98 to $2.18. For the next financial year, analysts anticipate that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.05 to $2.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover DISH Network Corporation.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the company earned $0.64 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year.
Several research analysts have recently commented on the stock. Deutsche Bank AG restated a “buy” rating and set a $99.00 price target on shares of DISH Network Corporation in a research note on Thursday, October 5th. Barclays PLC dropped their price target on shares of DISH Network Corporation from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Investment Research upgraded shares of DISH Network Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. BidaskClub lowered shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC restated a “buy” rating and set a $80.00 price target on shares of DISH Network Corporation in a research note on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $65.39.
Shares of DISH Network Corporation (DISH) traded up $0.51 on Friday, hitting $50.81. 2,211,700 shares of the stock traded hands, compared to its average volume of 2,713,139. DISH Network Corporation has a 52 week low of $46.07 and a 52 week high of $66.50. The firm has a market cap of $23,683.15, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72.
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In other DISH Network Corporation news, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction on Monday, August 28th. The shares were 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 of the company’s stock, valued at approximately $9,340.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 1,110 shares of company stock valued at $62,046. Insiders own 49.30% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Ray Gerald L & Associates Ltd. boosted its holdings in DISH Network Corporation by 113.6% in the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after purchasing an additional 6,700 shares during the period. State of Tennessee Treasury Department raised its stake in shares of DISH Network Corporation by 10.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after buying an additional 15,978 shares in the last quarter. Swiss National Bank raised its stake in shares of DISH Network Corporation by 3.3% in the 2nd quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after buying an additional 26,200 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of DISH Network Corporation in the 2nd quarter valued at $304,000. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of DISH Network Corporation by 33.9% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after buying an additional 1,439 shares in the last quarter. 48.76% of the stock is owned by hedge funds and other institutional investors.
DISH Network Corporation Company Profile
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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