Brokerages Expect DISH Network Corp (DISH) Will Post Quarterly Sales of $3.55 Billion

Analysts expect DISH Network Corp (NASDAQ:DISH) to report $3.55 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for DISH Network’s earnings, with the highest sales estimate coming in at $3.62 billion and the lowest estimate coming in at $3.50 billion. DISH Network posted sales of $3.72 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The company is expected to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that DISH Network will report full year sales of $3.55 billion for the current year, with estimates ranging from $14.41 billion to $14.55 billion. For the next financial year, analysts anticipate that the company will report sales of $13.83 billion per share, with estimates ranging from $13.56 billion to $14.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow DISH Network.

DISH Network (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. DISH Network’s revenue for the quarter was down 5.0% on a year-over-year basis.

A number of brokerages have recently issued reports on DISH. Moffett Nathanson reiterated a “sell” rating and set a $37.00 target price (down from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. reduced their target price on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and set a $80.00 target price on shares of DISH Network in a research report on Monday, September 25th. Macquarie reiterated a “hold” rating and set a $60.00 target price (down from $68.00) on shares of DISH Network in a research report on Monday, October 2nd. Finally, Barclays reduced 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $62.81.

A number of large investors have recently modified their holdings of DISH. Riverhead Capital Management LLC increased its stake in DISH Network by 337.2% in the second quarter. Riverhead Capital Management LLC now owns 3,935 shares of the company’s stock valued at $247,000 after purchasing an additional 3,035 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in DISH Network by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 27,601 shares of the company’s stock valued at $1,732,000 after purchasing an additional 147 shares in the last quarter. Rafferty Asset Management LLC increased its stake in DISH Network by 23.2% in the second quarter. Rafferty Asset Management LLC now owns 22,175 shares of the company’s stock valued at $1,392,000 after purchasing an additional 4,170 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in DISH Network by 4.4% in the second quarter. UBS Asset Management Americas Inc. now owns 606,261 shares of the company’s stock valued at $38,049,000 after purchasing an additional 25,445 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in DISH Network in the second quarter valued at approximately $296,000. 48.54% of the stock is owned by hedge funds and other institutional investors.

Shares of DISH Network (NASDAQ:DISH) traded up $0.10 during mid-day trading on Monday, hitting $45.26. 3,164,300 shares of the stock were exchanged, compared to its average volume of 2,589,246. DISH Network has a 12 month low of $44.83 and a 12 month high of $66.50. The firm has a market capitalization of $21,190.00, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.

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DISH Network Company Profile

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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