$0.11 Earnings Per Share Expected for Echostar Co. (SATS) This Quarter

Wall Street analysts expect that Echostar Co. (NASDAQ:SATS) will report earnings per share of $0.11 for the current quarter, Zacks reports. Two analysts have provided estimates for Echostar’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.18. Echostar posted earnings of $0.40 per share in the same quarter last year, which indicates a negative year over year growth rate of 72.5%. The business is expected to issue its next earnings report on Friday, February 23rd.

According to Zacks, 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 forecast that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Echostar.

Echostar (NASDAQ:SATS) last issued its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share (EPS) 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 company had revenue of $481.20 million during the quarter, compared to analysts’ expectations of $477.33 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research note on Friday, November 10th. Jefferies Group set a $70.00 price target on Echostar and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Echostar presently has an average rating of “Buy” and a consensus price target of $68.33.

Shares of Echostar (SATS) traded up $0.57 during trading hours on Friday, hitting $61.78. The stock had a trading volume of 48,159 shares, compared to its average volume of 110,444. Echostar has a 12 month low of $50.30 and a 12 month high of $62.50. The company has a market capitalization of $5,859.39, a PE ratio of 49.82, a PEG ratio of 3.21 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.

Several hedge funds have recently modified their holdings of SATS. Thornburg Investment Management Inc. boosted its stake in shares of Echostar by 21.0% in the third quarter. Thornburg Investment Management Inc. now owns 2,024,396 shares of the communications equipment provider’s stock valued at $115,856,000 after buying an additional 350,961 shares during the period. Vanguard Group Inc. boosted its stake in shares of Echostar by 11.1% in the second 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 period. Renaissance Technologies LLC boosted its stake in shares of Echostar by 4.1% in the second quarter. Renaissance Technologies LLC now owns 2,861,780 shares of the communications equipment provider’s stock valued at $173,710,000 after buying an additional 113,700 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Echostar in the second quarter valued at approximately $5,285,000. Finally, BlackRock Inc. boosted its stake in shares of Echostar 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 period. Institutional investors and hedge funds own 44.48% of the company’s stock.

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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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