$0.11 EPS Expected for Echostar Co. (SATS) This Quarter

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.

SATS has been the topic of a number of research reports. Zacks Investment Research raised shares of Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Friday, November 10th. Jefferies Group set a $70.00 price target on shares of Echostar and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised shares of Echostar from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $68.33.

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.

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About Echostar

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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