Vivek Khemka Sells 226 Shares of DISH Network Corporation (DISH) Stock
DISH Network Corporation (NASDAQ:DISH) EVP Vivek Khemka sold 226 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $54.25, for a total transaction of $12,260.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of DISH Network Corporation (DISH) traded up 0.04% during midday trading on Tuesday, hitting $51.70. 3,160,127 shares of the stock were exchanged. The firm has a 50 day moving average of $54.88 and a 200 day moving average of $60.84. The firm has a market cap of $24.10 billion, a P/E ratio of 24.05 and a beta of 0.99. DISH Network Corporation has a 12-month low of $51.47 and a 12-month high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.67). The firm had revenue of $3.64 billion during 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%. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Equities analysts forecast that DISH Network Corporation will post $2.13 EPS for the current fiscal year.
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A number of research firms recently weighed in on DISH. Deutsche Bank AG reaffirmed a “buy” rating and set a $99.00 price objective on shares of DISH Network Corporation in a research report on Thursday, October 5th. Macquarie reissued a “hold” rating and issued a $60.00 price target (down previously from $68.00) on shares of DISH Network Corporation in a research report on Monday, October 2nd. Moffett Nathanson reissued a “sell” rating and issued a $37.00 price target (down previously from $45.00) on shares of DISH Network Corporation in a research report on Tuesday, September 26th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of DISH Network Corporation in a research report on Monday, September 25th. Finally, Citigroup Inc. raised shares of DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price target for the company in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.18.
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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