Wall Street analysts expect Echostar Co. (NASDAQ:SATS) to report earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Echostar’s earnings, with estimates ranging from $0.03 to $0.18. Echostar reported earnings per share of $0.40 in the same quarter last year, which suggests a negative year over year growth rate of 72.5%. The company is expected to announce its next quarterly earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Echostar will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $1.05. For the next fiscal year, analysts anticipate that the business will post earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks’ EPS averages are an average based on a survey of research analysts that cover Echostar.
Echostar (NASDAQ:SATS) last posted its quarterly earnings results 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. The company had revenue of $481.20 million for the quarter, compared to analysts’ expectations of $477.33 million. Echostar had a net margin of 5.55% and a return on equity of 2.85%. Echostar’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS.
Echostar (NASDAQ SATS) traded up $0.46 during trading hours on Tuesday, hitting $58.94. 185,407 shares of the company were exchanged, compared to its average volume of 131,004. 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 $5,600.00, a PE ratio of 50.38, a PEG ratio of 3.21 and a beta of 0.74. Echostar has a 52 week low of $51.54 and a 52 week high of $62.50.
In other Echostar news, CEO Michael T. Dugan sold 1,800 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $62.11, for a total transaction of $111,798.00. Following the sale, the chief executive officer now owns 26,746 shares of the company’s stock, valued at approximately $1,661,194.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael T. Dugan sold 3,508 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $62.00, for a total transaction of $217,496.00. The disclosure for this sale can be found here. Insiders own 73.54% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in Echostar by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,909 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 207 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Echostar by 2.2% in the second quarter. UBS Asset Management Americas Inc. now owns 39,775 shares of the communications equipment provider’s stock worth $2,414,000 after purchasing an additional 873 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Echostar by 24.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,939 shares of the communications equipment provider’s stock worth $282,000 after purchasing an additional 957 shares during the period. Vident Investment Advisory LLC increased its holdings in shares of Echostar by 3.3% in the third quarter. Vident Investment Advisory LLC now owns 30,658 shares of the communications equipment provider’s stock worth $1,755,000 after purchasing an additional 979 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Echostar by 8.7% in the third quarter. Envestnet Asset Management Inc. now owns 12,413 shares of the communications equipment provider’s stock worth $711,000 after purchasing an additional 994 shares during the period. 44.51% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/06/0-11-eps-expected-for-echostar-co-sats-this-quarter.html.
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.