DISH Network Corporation (NASDAQ:DISH) – Equities researchers at SunTrust Banks boosted their Q3 2017 earnings per share (EPS) estimates for shares of DISH Network Corporation in a report issued on Friday. SunTrust Banks analyst G. Miller now expects that the company will post earnings per share of $0.66 for the quarter, up from their previous forecast of $0.54. SunTrust Banks has a “Hold” rating and a $60.00 price objective on the stock.

A number of other equities research analysts have also weighed in on the company. Hilliard Lyons lowered DISH Network Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Barclays PLC upgraded DISH Network Corporation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $62.00 to $74.00 in a research report on Thursday, April 27th. Deutsche Bank AG cut their price objective on DISH Network Corporation from $103.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Pivotal Research lowered DISH Network Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $86.00 to $70.00 in a research report on Monday, May 1st. Finally, Macquarie lowered DISH Network Corporation from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $61.00 in a research report on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.31.

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DISH Network Corporation (DISH) opened at 60.62 on Monday. The firm has a 50-day moving average price of $64.33 and a 200 day moving average price of $62.83. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.50. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 20.47 and a beta of 0.96.

DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm posted $0.88 earnings per share. DISH Network Corporation’s quarterly revenue was down 5.7% compared to the same quarter last year.

In related news, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 49.30% of the company’s stock.

Several hedge funds have recently modified their holdings of DISH. Federated Investors Inc. PA raised its stake in shares of DISH Network Corporation by 178.4% in the second quarter. Federated Investors Inc. PA now owns 24,418 shares of the company’s stock valued at $1,532,000 after buying an additional 15,647 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of DISH Network Corporation by 3.6% in the second quarter. Cadence Capital Management LLC now owns 7,618 shares of the company’s stock valued at $478,000 after buying an additional 265 shares during the last quarter. Marshall Wace LLP raised its stake in shares of DISH Network Corporation by 643.8% in the second quarter. Marshall Wace LLP now owns 75,670 shares of the company’s stock valued at $4,767,000 after buying an additional 65,497 shares during the last quarter. Marshall Wace North America L.P. raised its stake in shares of DISH Network Corporation by 46.1% in the second quarter. Marshall Wace North America L.P. now owns 213,347 shares of the company’s stock valued at $13,441,000 after buying an additional 67,303 shares during the last quarter. Finally, Mad River Investors raised its stake in shares of DISH Network Corporation by 1.4% in the second quarter. Mad River Investors now owns 48,450 shares of the company’s stock valued at $3,041,000 after buying an additional 675 shares during the last quarter. 49.99% of the stock is owned by institutional investors.

DISH Network Corporation 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.

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

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