DISH Network Corp (DISH) Expected to Post Earnings of $0.56 Per Share

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.

A number of research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of DISH Network from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $75.00 to $55.00 in a research report on Wednesday. Zacks Investment Research downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price (down previously from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. SunTrust Banks reissued a “hold” rating and set a $60.00 target price on shares of DISH Network in a research report on Friday, November 10th. Finally, Barclays dropped their target price on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $62.81.

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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