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.
TRADEMARK VIOLATION NOTICE: “Zacks: Analysts Anticipate DISH Network Corp (DISH) to Post $0.55 Earnings Per Share” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/12/17/zacks-analysts-anticipate-dish-network-corp-dish-to-post-0-55-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.