Analysts expect DISH Network Corp (NASDAQ:DISH) to post earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for DISH Network’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.46. DISH Network reported earnings per share of $0.70 during the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that DISH Network will report full year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.18. For the next financial year, analysts forecast that the company will report earnings of $2.22 per share, with EPS estimates ranging from $1.96 to $2.58. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for DISH Network.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis.
DISH Network (NASDAQ DISH) opened at $45.26 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. DISH Network has a 12-month low of $44.83 and a 12-month high of $66.50. The stock has a market cap of $21,110.00, a P/E ratio of 21.35, a PEG ratio of 2.03 and a beta of 1.09.
Several hedge funds have recently added to or reduced their stakes in DISH. FMR LLC boosted its holdings in shares of DISH Network by 22.7% in the 2nd 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. boosted its holdings in shares of DISH Network by 15.9% in the 2nd 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. Vanguard Group Inc. boosted its holdings in shares of DISH Network by 2.9% in the 2nd 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. Sirios Capital Management L P boosted its holdings in shares of DISH Network by 101.2% in the 3rd 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. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of DISH Network by 86.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 753,654 shares of the company’s stock valued at $40,871,000 after acquiring an additional 350,185 shares during the last quarter. 48.54% of the stock is currently owned by institutional investors and hedge funds.
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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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