EchoStar Corporation (NASDAQ:SATS) – Equities research analysts at Jefferies Group increased their FY2017 EPS estimates for shares of EchoStar in a research note issued on Friday. Jefferies Group analyst G. Thorne now forecasts that the communications equipment provider will post earnings per share of $1.05 for the year, up from their prior forecast of $0.96. Jefferies Group currently has a “Hold” rating and a $70.00 price target on the stock. Jefferies Group also issued estimates for EchoStar’s FY2018 earnings at $1.40 EPS and FY2020 earnings at $2.41 EPS.

SATS has been the subject of a number of other research reports. TheStreet downgraded EchoStar from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Zacks Investment Research raised EchoStar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $68.33.

EchoStar (NASDAQ SATS) opened at $60.35 on Monday. EchoStar has a 12-month low of $49.82 and a 12-month high of $62.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 8.40 and a current ratio of 8.61. The firm has a market capitalization of $5,777.06, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78.

EchoStar (NASDAQ:SATS) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.37. EchoStar had a return on equity of 2.85% and a net margin of 5.55%. The firm had revenue of $481.20 million during the quarter, compared to the consensus estimate of $477.33 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The business’s revenue was up 9.7% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of EchoStar by 2.7% in the 2nd 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. First Trust Advisors LP boosted its holdings in shares of EchoStar by 376.4% in the 2nd 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. Ramsey Quantitative Systems acquired a new stake in shares of EchoStar in the 2nd quarter valued at approximately $326,000. Vanguard Group Inc. boosted its holdings in shares of EchoStar by 11.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,001,260 shares of the communications equipment provider’s stock valued at $182,177,000 after buying an additional 299,543 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of EchoStar in the 3rd quarter valued at approximately $515,000. 44.50% of the stock is owned by institutional investors.

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About EchoStar

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.

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