Analysts Expect DISH Network Corporation (DISH) to Post $0.61 EPS
Equities analysts predict that DISH Network Corporation (NASDAQ:DISH) will post earnings per share of $0.61 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for DISH Network Corporation’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.45. DISH Network Corporation reported earnings of $0.64 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The firm is scheduled to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that DISH Network Corporation will report full year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $1.71 to $2.62. For the next fiscal year, analysts forecast that the company will post earnings of $2.30 per share, with EPS estimates ranging from $1.96 to $2.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow DISH Network Corporation.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS.
Several analysts have recently weighed in on the company. Wells Fargo & Company restated an “outperform” rating and issued a $88.50 price objective on shares of DISH Network Corporation in a report on Thursday, August 31st. Guggenheim restated a “neutral” rating and issued a $62.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a report on Thursday, August 24th. BidaskClub lowered DISH Network Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. TheStreet lowered DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Finally, Telsey Advisory Group cut their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. DISH Network Corporation currently has an average rating of “Hold” and an average target price of $69.87.
In related news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Insiders have sold 25,885 shares of company stock worth $1,544,018 over the last three months. 49.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. USA Financial Portformulas Corp purchased a new position in DISH Network Corporation in the second quarter valued at about $6,544,000. Sentry Investment Management LLC grew its stake in DISH Network Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 17,877 shares of the company’s stock valued at $1,122,000 after purchasing an additional 187 shares in the last quarter. Toronto Dominion Bank grew its stake in DISH Network Corporation by 25.8% in the second quarter. Toronto Dominion Bank now owns 77,053 shares of the company’s stock valued at $4,835,000 after purchasing an additional 15,823 shares in the last quarter. Blockhouse Capital Management LP grew its stake in DISH Network Corporation by 45.8% in the second quarter. Blockhouse Capital Management LP now owns 127,600 shares of the company’s stock valued at $8,008,000 after purchasing an additional 40,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in DISH Network Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 389,076 shares of the company’s stock valued at $24,418,000 after purchasing an additional 3,675 shares in the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.
DISH Network Corporation (DISH) traded down 2.50% during mid-day trading on Thursday, reaching $52.59. The company had a trading volume of 2,228,001 shares. DISH Network Corporation has a 12 month low of $49.49 and a 12 month high of $66.50. The firm has a market capitalization of $24.51 billion, a P/E ratio of 24.46 and a beta of 0.98. The stock’s 50-day moving average is $58.96 and its 200 day moving average is $62.09.
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About DISH Network Corporation
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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