Wall Street brokerages predict that EchoStar Corporation (NASDAQ:SATS) will announce earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for EchoStar Corporation’s earnings, with estimates ranging from ($0.02) to $0.00. EchoStar Corporation posted earnings of $0.39 per share in the same quarter last year, which would suggest a negative year over year growth rate of 102.6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that EchoStar Corporation will report full-year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.96. For the next financial year, analysts anticipate that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.10 to $1.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover EchoStar Corporation.

EchoStar Corporation (NASDAQ:SATS) last posted its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). EchoStar Corporation had a net margin of 5.03% and a return on equity of 2.87%. The company had revenue of $465.08 million for the quarter, compared to analyst estimates of $455.25 million. During the same quarter last year, the company earned $0.47 EPS. The business’s revenue was up 5.1% compared to the same quarter last year.

Several research firms recently weighed in on SATS. TheStreet cut EchoStar Corporation from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BidaskClub cut EchoStar Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC began coverage on EchoStar Corporation in a research note on Friday, September 8th. They set a “hold” rating and a $65.00 target price for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.33.

In other EchoStar Corporation news, CFO David Rayner sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $58.50, for a total value of $292,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anders N. Johnson sold 7,128 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $58.72, for a total value of $418,556.16. Following the completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $117,440. The disclosure for this sale can be found here. 73.54% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. MARSHALL WACE ASIA Ltd purchased a new stake in EchoStar Corporation in the first quarter valued at approximately $1,139,000. First Trust Advisors LP lifted its stake in EchoStar Corporation by 376.4% in the second quarter. First Trust Advisors LP now owns 241,039 shares of the communications equipment provider’s stock valued at $14,631,000 after buying an additional 190,448 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in EchoStar Corporation by 3.6% in the first quarter. Ameriprise Financial Inc. now owns 33,262 shares of the communications equipment provider’s stock valued at $1,894,000 after buying an additional 1,165 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in EchoStar Corporation in the second quarter valued at approximately $326,000. Finally, BlackRock Inc. lifted its stake in EchoStar Corporation by 2.7% in the second quarter. BlackRock Inc. now owns 1,981,989 shares of the communications equipment provider’s stock valued at $120,307,000 after buying an additional 52,406 shares during the last quarter. Institutional investors own 45.04% of the company’s stock.

EchoStar Corporation (NASDAQ:SATS) traded up 1.05% during trading on Friday, hitting $54.89. 81,203 shares of the stock traded hands. EchoStar Corporation has a 12 month low of $44.01 and a 12 month high of $62.50. The company has a market cap of $5.25 billion, a P/E ratio of 43.60 and a beta of 0.69. The company’s 50 day moving average price is $56.69 and its 200 day moving average price is $58.51.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/22/brokerages-expect-echostar-corporation-sats-to-announce-0-01-earnings-per-share.html.

About EchoStar Corporation

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.

Get a free copy of the Zacks research report on EchoStar Corporation (SATS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for EchoStar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EchoStar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.