Echostar (NASDAQ:SATS) will be announcing its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Shares of Echostar (NASDAQ SATS) opened at $57.42 on Thursday. Echostar has a fifty-two week low of $51.54 and a fifty-two week high of $62.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 8.61 and a quick ratio of 8.40. The firm has a market capitalization of $5,500.00, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74.
In other news, CEO Michael T. Dugan sold 1,800 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total value of $111,798.00. Following the completion of the transaction, the chief executive officer now owns 26,746 shares of the company’s stock, valued at approximately $1,661,194.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael T. Dugan sold 3,508 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $62.00, for a total value of $217,496.00. The disclosure for this sale can be found here. 73.54% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Echostar stock. The Manufacturers Life Insurance Company lifted its position in Echostar Co. (NASDAQ:SATS) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,909 shares of the communications equipment provider’s stock after acquiring an additional 207 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Echostar were worth $177,000 as of its most recent SEC filing. Institutional investors own 44.49% of the company’s stock.
Several equities research analysts have weighed in on SATS shares. Zacks Investment Research upgraded Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Friday, November 10th. Jefferies Group set a $70.00 target price on Echostar and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Echostar presently has a consensus rating of “Buy” and an average target price of $68.33.
Echostar 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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