Equities analysts forecast that DISH Network Corp (NASDAQ:DISH) will post earnings of $0.71 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for DISH Network’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.61. DISH Network posted earnings per share of $0.69 during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is expected to announce its next earnings results on Wednesday, August 1st.
On average, analysts expect that DISH Network will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.16 to $2.94. For the next financial year, analysts anticipate that the firm will post earnings of $2.17 per share, with EPS estimates ranging from $1.29 to $2.55. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow DISH Network.
DISH Network (NASDAQ:DISH) last posted its earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). DISH Network had a return on equity of 20.48% and a net margin of 14.75%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the company posted $0.76 earnings per share. DISH Network’s revenue for the quarter was down 6.0% compared to the same quarter last year.
Several equities research analysts have recently commented on the company. BidaskClub raised DISH Network from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Morgan Stanley cut their price target on DISH Network from $55.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, April 23rd. ValuEngine downgraded DISH Network from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Cowen set a $54.00 price target on DISH Network and gave the company a “buy” rating in a report on Monday, March 26th. Finally, SunTrust Banks dropped their target price on DISH Network to $44.00 and set a “hold” rating for the company in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.42.
In other news, insider James Defranco bought 5,000 shares of DISH Network stock in a transaction that occurred on Monday, June 11th. The stock was bought at an average price of $32.09 per share, for a total transaction of $160,450.00. Following the purchase, the insider now directly owns 1,148,529 shares of the company’s stock, valued at approximately $36,856,295.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 739 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $37.66, for a total value of $27,830.74. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 115,000 shares of company stock worth $3,389,450 and have sold 1,190 shares worth $44,907. Corporate insiders own 49.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Norinchukin Bank The lifted its stake in DISH Network by 7.5% in the 4th quarter. Norinchukin Bank The now owns 18,223 shares of the company’s stock worth $870,000 after purchasing an additional 1,276 shares in the last quarter. Profund Advisors LLC lifted its stake in DISH Network by 7.0% in the 4th quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock worth $939,000 after purchasing an additional 1,283 shares in the last quarter. Meadow Creek Investment Management LLC lifted its stake in DISH Network by 12.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 13,748 shares of the company’s stock worth $657,000 after purchasing an additional 1,512 shares in the last quarter. NuWave Investment Management LLC raised its position in shares of DISH Network by 102.2% during the 1st quarter. NuWave Investment Management LLC now owns 3,138 shares of the company’s stock valued at $118,000 after buying an additional 1,586 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of DISH Network during the 4th quarter valued at approximately $105,000. Hedge funds and other institutional investors own 47.87% of the company’s stock.
Shares of DISH Network traded up $0.08, hitting $34.17, during mid-day trading on Friday, according to MarketBeat.com. 38,514 shares of the company’s stock were exchanged, compared to its average volume of 3,887,779. The stock has a market capitalization of $15.96 billion, a P/E ratio of 13.31, a P/E/G ratio of -6.61 and a beta of 1.11. DISH Network has a 52 week low of $28.80 and a 52 week high of $66.50. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of 2.07.
DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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