$0.54 Earnings Per Share Expected for DISH Network Corp (DISH) This Quarter
Wall Street analysts predict that DISH Network Corp (NASDAQ:DISH) will report earnings of $0.54 per share for the current quarter, according to Zacks. Ten analysts have made estimates for DISH Network’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.46. DISH Network posted earnings per share of $0.70 in the same quarter last year, which indicates a negative year-over-year growth rate of 22.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that DISH Network will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $2.18. For the next fiscal year, analysts expect that the company will report earnings of $2.12 per share, with EPS estimates ranging from $1.91 to $2.33. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for DISH Network.
DISH Network (NASDAQ:DISH) last announced its 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 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 in the previous year, the company posted $0.64 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year.
Shares of DISH Network (NASDAQ DISH) traded down $0.33 on Wednesday, reaching $50.32. 2,490,000 shares of the company traded hands, compared to its average volume of 2,580,000. DISH Network has a fifty-two week low of $46.07 and a fifty-two week high of $66.50. The firm has a market capitalization of $23,470.00, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.
Institutional investors and hedge funds have recently modified their holdings of the company. Sun Life Financial INC raised its position in shares of DISH Network by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after purchasing an additional 1,658 shares during the period. Rockefeller Financial Services Inc. bought a new position in shares of DISH Network in the third quarter valued at about $140,000. Quantbot Technologies LP bought a new position in shares of DISH Network in the third quarter valued at about $154,000. Paradigm Asset Management Co. LLC raised its position in shares of DISH Network by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after purchasing an additional 100 shares during the period. Finally, Huntington National Bank raised its position in shares of DISH Network by 12.1% in the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after purchasing an additional 281 shares during the period. 48.57% of the stock is currently owned by institutional investors.
DISH Network 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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