Zacks: Analysts Anticipate DISH Network Corp (DISH) to Post $0.55 Earnings Per Share

Equities analysts predict that DISH Network Corp (NASDAQ:DISH) will announce earnings of $0.55 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for DISH Network’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.46. DISH Network reported earnings of $0.70 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 21.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that DISH Network will report full year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.89 to $2.18. For the next year, analysts expect that the firm will report earnings of $2.12 per share, with EPS estimates ranging from $1.91 to $2.33. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last released its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share.

DISH has been the topic of a number of recent research reports. Morgan Stanley reaffirmed a “buy” rating and issued a $75.00 target price on shares of DISH Network in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Guggenheim reiterated a “neutral” rating and issued a $62.00 price target (down previously from $68.00) on shares of DISH Network in a research note on Thursday, August 24th. Citigroup upgraded shares of DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Friday, September 15th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $88.50 price target on shares of DISH Network in a research note on Thursday, August 31st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. DISH Network has an average rating of “Hold” and a consensus target price of $63.92.

DISH Network (NASDAQ DISH) traded up $0.05 during trading hours on Friday, hitting $48.57. 3,040,000 shares of the stock were exchanged, compared to its average volume of 2,540,000. The stock has a market cap of $22,650.00, a P/E ratio of 17.86, a PEG ratio of 2.37 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network has a 12-month low of $46.07 and a 12-month high of $66.50.

A number of institutional investors have recently made changes to their positions in DISH. Vanguard Group Inc. lifted its stake in DISH Network by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after acquiring an additional 409,704 shares during the period. BlackRock Inc. lifted its stake in DISH Network by 1.9% during the 2nd quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock valued at $858,929,000 after acquiring an additional 259,139 shares during the period. FMR LLC lifted its stake in DISH Network by 22.7% during the 2nd quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after acquiring an additional 831,768 shares during the period. Paulson & CO. Inc. lifted its stake in DISH Network by 15.9% during the 2nd quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after acquiring an additional 548,700 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in DISH Network by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after acquiring an additional 25,695 shares during the period. Institutional investors own 48.58% of the company’s stock.

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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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Earnings History and Estimates for DISH Network (NASDAQ:DISH)

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