DISH Network Corp (DISH) Expected to Post Quarterly Sales of $3.55 Billion

Wall Street analysts expect DISH Network Corp (NASDAQ:DISH) to report sales of $3.55 billion for the current quarter, according to Zacks. Ten analysts have issued estimates for DISH Network’s earnings, with estimates ranging from $3.50 billion to $3.62 billion. DISH Network posted sales of $3.72 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The company is expected to announce its next earnings report on Wednesday, February 28th.

On average, analysts expect that DISH Network will report full year sales of $3.55 billion for the current fiscal year, with estimates ranging from $14.41 billion to $14.57 billion. For the next fiscal year, analysts anticipate that the company will post sales of $13.81 billion per share, with estimates ranging from $13.56 billion to $14.14 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last released its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the firm posted $0.64 EPS. DISH Network’s quarterly revenue was down 5.0% compared to the same quarter last year.

Several equities analysts have recently commented on DISH shares. Citigroup raised shares of DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 target price on the stock in a report on Friday, September 15th. Jefferies Group reissued a “buy” rating and issued a $80.00 target price on shares of DISH Network in a report on Monday, September 25th. Moffett Nathanson restated a “sell” rating and issued a $37.00 price target (down previously from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. Macquarie restated a “hold” rating and issued a $60.00 price target (down previously from $68.00) on shares of DISH Network in a research report on Monday, October 2nd. Finally, Deutsche Bank restated a “buy” rating and issued a $99.00 price target on shares of DISH Network in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.92.

A number of hedge funds have recently bought and sold shares of DISH. FMR LLC increased its position in DISH Network by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after acquiring an additional 831,768 shares during the last quarter. Paulson & CO. Inc. increased its position in DISH Network by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after acquiring an additional 548,700 shares during the last quarter. Teachers Advisors LLC increased its position in DISH Network by 134.8% during the second quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock valued at $51,168,000 after acquiring an additional 468,003 shares during the last quarter. Vanguard Group Inc. increased its position in DISH Network by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after acquiring an additional 409,704 shares during the last quarter. Finally, Sirios Capital Management L P increased its position in DISH Network by 101.2% during the third quarter. Sirios Capital Management L P now owns 787,708 shares of the company’s stock valued at $42,718,000 after acquiring an additional 396,290 shares during the last quarter. Institutional investors and hedge funds own 48.54% of the company’s stock.

DISH Network (DISH) traded down $0.74 during mid-day trading on Friday, hitting $48.64. 1,034,216 shares of the stock traded hands, compared to its average volume of 2,114,033. DISH Network has a 1 year low of $46.07 and a 1 year high of $66.50. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market capitalization of $22,660.00, a P/E ratio of 22.94, a PEG ratio of 2.24 and a beta of 1.09.

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About DISH Network

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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