Zacks: Analysts Anticipate Echostar Co. (SATS) to Post $0.11 EPS

Equities analysts expect Echostar Co. (NASDAQ:SATS) to announce earnings of $0.11 per share for the current quarter, Zacks reports. Two analysts have made estimates for Echostar’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.03. Echostar reported earnings per share of $0.40 in the same quarter last year, which would suggest a negative year-over-year growth rate of 72.5%. The business is expected to issue its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that Echostar will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.86 to $1.05. For the next year, analysts anticipate that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Echostar.

Echostar (NASDAQ:SATS) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.37. The company had revenue of $481.20 million for the quarter, compared to analysts’ expectations of $477.33 million. Echostar had a return on equity of 2.85% and a net margin of 5.55%. Echostar’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS.

A number of equities analysts recently weighed in on the company. BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Jefferies Group set a $70.00 price objective on Echostar and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Echostar currently has an average rating of “Buy” and an average target price of $68.33.

Echostar (SATS) opened at $59.13 on Thursday. The firm has a market capitalization of $5,733.99, a PE ratio of 47.69, a P/E/G ratio of 3.14 and a beta of 0.79. The company has a current ratio of 8.61, a quick ratio of 8.40 and a debt-to-equity ratio of 0.93. Echostar has a 1-year low of $49.82 and a 1-year high of $62.50.

A number of institutional investors have recently made changes to their positions in SATS. Schwab Charles Investment Management Inc. increased its stake in Echostar by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 223,807 shares of the communications equipment provider’s stock worth $13,586,000 after purchasing an additional 12,061 shares during the period. State of Wisconsin Investment Board increased its stake in Echostar by 4.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 9,407 shares of the communications equipment provider’s stock worth $571,000 after purchasing an additional 370 shares during the period. Bank of New York Mellon Corp increased its stake in Echostar by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 252,875 shares of the communications equipment provider’s stock worth $15,349,000 after purchasing an additional 2,516 shares during the period. Victory Capital Management Inc. increased its stake in Echostar by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 27,413 shares of the communications equipment provider’s stock worth $1,664,000 after purchasing an additional 4,809 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Echostar in the 2nd quarter worth approximately $1,503,000. 44.48% of the stock is currently owned by institutional investors and hedge funds.

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Echostar Company Profile

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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