Brokerages forecast that Echostar Co. (NASDAQ:SATS) will report sales of $502.10 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Echostar’s earnings. The lowest sales estimate is $500.90 million and the highest is $503.30 million. Echostar reported sales of $740.39 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.2%. The firm is expected to issue its next quarterly earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Echostar will report full year sales of $502.10 million for the current year, with estimates ranging from $1.88 billion to $1.90 billion. For the next financial year, analysts expect that the business will report sales of $2.13 billion per share, with estimates ranging from $2.08 billion to $2.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Echostar.
Echostar (NASDAQ:SATS) last posted its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.37. Echostar had a net margin of 5.55% and a return on equity of 2.85%. The firm had revenue of $481.20 million during the quarter, compared to analyst estimates of $477.33 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 9.7% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its stake in Echostar by 14.6% in the 3rd quarter. California Public Employees Retirement System now owns 107,083 shares of the communications equipment provider’s stock worth $6,128,000 after purchasing an additional 13,683 shares during the period. Cubist Systematic Strategies LLC lifted its position in Echostar by 51.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,189 shares of the communications equipment provider’s stock worth $297,000 after buying an additional 1,757 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Echostar in the 3rd quarter worth approximately $870,000. Vident Investment Advisory LLC lifted its position in Echostar by 3.3% in the 3rd quarter. Vident Investment Advisory LLC now owns 30,658 shares of the communications equipment provider’s stock worth $1,755,000 after buying an additional 979 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Echostar in the 3rd quarter worth approximately $204,000. 44.48% of the stock is owned by hedge funds and other institutional investors.
Echostar (NASDAQ SATS) opened at $60.65 on Friday. Echostar has a 52 week low of $49.82 and a 52 week high of $62.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 8.61 and a quick ratio of 8.40. The company has a market cap of $5,707.18, a P/E ratio of 50.96, a P/E/G ratio of 3.13 and a beta of 0.79.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Echostar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echostar and related companies with MarketBeat.com's FREE daily email newsletter.