Echostar (SATS) Releases Quarterly Earnings Results, Beats Expectations By $0.48 EPS
Echostar (NASDAQ:SATS) issued its earnings results on Tuesday. The communications equipment provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.32 by $0.48, MarketWatch Earnings reports. The firm had revenue of $525.96 million during the quarter, compared to analysts’ expectations of $511.50 million. Echostar had a return on equity of 1.61% and a net margin of 17.06%.
SATS stock traded down $0.32 during midday trading on Wednesday, reaching $47.68. The stock had a trading volume of 2,140 shares, compared to its average volume of 208,471. The company has a quick ratio of 8.78, a current ratio of 8.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 57.14 and a beta of 0.80. Echostar has a twelve month low of $43.33 and a twelve month high of $62.29.
In related news, Director Anthony M. Federico sold 5,000 shares of Echostar stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $44.53, for a total value of $222,650.00. Following the completion of the sale, the director now directly owns 5,146 shares in the company, valued at $229,151.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 46.70% of the stock is owned by company insiders.
Echostar Company Profile
EchoStar Corporation provides satellite service operations and video delivery solutions worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.
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