DISH Network Corporation (DISH) Expected to Announce Quarterly Sales of $3.60 Billion
Analysts predict that DISH Network Corporation (NASDAQ:DISH) will announce $3.60 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for DISH Network Corporation’s earnings, with the lowest sales estimate coming in at $3.54 billion and the highest estimate coming in at $3.66 billion. DISH Network Corporation reported sales of $3.75 billion during the same quarter last year, which would suggest a negative year over year growth rate of 4%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that DISH Network Corporation will report full year sales of $3.60 billion for the current financial year, with estimates ranging from $14.30 billion to $14.72 billion. For the next fiscal year, analysts expect that the firm will post sales of $13.80 billion per share, with estimates ranging from $13.22 billion to $14.04 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow DISH Network Corporation.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share (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 net margin of 7.21% and a return on equity of 27.88%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share.
Several analysts have issued reports on DISH shares. BidaskClub upgraded DISH Network Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet cut DISH Network Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the company a “hold” rating in a report on Saturday, May 20th. Macquarie restated a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Finally, Telsey Advisory Group dropped their target price 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. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.97.
In related news, CEO Roger Lynch sold 25,000 shares of the stock in a transaction dated 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 is accessible through this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction dated Monday, August 28th. The stock was 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 approximately $9,340.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,885 shares of company stock worth $1,544,018. 49.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sun Life Financial INC lifted its stake in DISH Network Corporation by 20,725.0% during the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after acquiring an additional 1,658 shares in the last quarter. Elkfork Partners LLC acquired a new position in DISH Network Corporation during the 1st quarter worth about $110,000. IHT Wealth Management LLC lifted its stake in DISH Network Corporation by 32.2% during the 2nd quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock worth $1,593,000 after acquiring an additional 426 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in DISH Network Corporation by 3,872.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock worth $121,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Meadow Creek Investment Management LLC acquired a new position in DISH Network Corporation during the 1st quarter worth about $141,000. 48.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DISH Network Corporation (DISH) opened at 52.95 on Friday. DISH Network Corporation has a 12 month low of $51.76 and a 12 month high of $66.50. The company has a 50-day moving average price of $58.03 and a 200-day moving average price of $61.89. The company has a market capitalization of $24.68 billion, a P/E ratio of 24.63 and a beta of 0.98.
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.
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