News coverage about EchoStar Corporation (NASDAQ:SATS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. EchoStar Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 46.3837269537623 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- EchoStar Corporation (SATS) Expected to Announce Quarterly Sales of $476.70 Million (americanbankingnews.com)
- EchoStar Corporation (SATS) Expected to Post Earnings of -$0.01 Per Share (americanbankingnews.com)
- EchoStar Corporation (SATS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Hughes Launches Consumer Satellite Internet Service in Colombia (bizjournals.com)
Shares of EchoStar Corporation (NASDAQ SATS) opened at 56.60 on Monday. The firm has a market cap of $5.41 billion, a PE ratio of 44.96 and a beta of 0.69. EchoStar Corporation has a 52 week low of $44.01 and a 52 week high of $62.50. The firm has a 50-day moving average of $57.54 and a 200-day moving average of $58.52.
EchoStar Corporation (NASDAQ:SATS) last posted its earnings results on Wednesday, August 9th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). EchoStar Corporation had a return on equity of 2.87% and a net margin of 5.03%. The firm had revenue of $465.08 million during the quarter, compared to the consensus estimate of $455.25 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that EchoStar Corporation will post $0.83 EPS for the current year.
A number of analysts have commented on SATS shares. Jefferies Group LLC started coverage on shares of EchoStar Corporation in a research note on Friday, September 8th. They issued a “hold” rating and a $65.00 price target for the company. TheStreet cut shares of EchoStar Corporation from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Finally, BidaskClub cut shares of EchoStar Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $63.33.
In related news, insider Anders N. Johnson sold 7,128 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.72, for a total transaction of $418,556.16. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at $117,440. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David Rayner sold 5,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.50, for a total transaction of $292,500.00. The disclosure for this sale can be found here. 73.54% of the stock is currently owned by corporate insiders.
EchoStar Corporation Company Profile
EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.
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