Brokerages expect DISH Network Corp (NASDAQ:DISH) to report sales of $3.54 billion for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for DISH Network’s earnings, with estimates ranging from $3.50 billion to $3.62 billion. DISH Network posted sales of $3.72 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The business is expected to issue its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that DISH Network will report full year sales of $3.54 billion for the current year, with estimates ranging from $14.41 billion to $14.53 billion. For the next financial year, analysts expect that the company will post sales of $13.82 billion per share, with estimates ranging from $13.56 billion to $14.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover DISH Network.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the business posted $0.64 EPS. The company’s revenue was down 5.0% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of DISH. Paulson & CO. Inc. grew its position in DISH Network by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock worth $250,965,000 after buying an additional 548,700 shares in the last quarter. Sirios Capital Management L P grew its position in DISH Network by 101.2% during the third quarter. Sirios Capital Management L P now owns 787,708 shares of the company’s stock worth $42,718,000 after buying an additional 396,290 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in DISH Network by 86.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 753,654 shares of the company’s stock worth $40,871,000 after buying an additional 350,185 shares in the last quarter. Artemis Investment Management LLP grew its position in DISH Network by 114.8% during the third quarter. Artemis Investment Management LLP now owns 279,118 shares of the company’s stock worth $15,134,000 after buying an additional 149,174 shares in the last quarter. Finally, USA Financial Portformulas Corp purchased a new position in DISH Network during the second quarter worth about $6,544,000. Institutional investors and hedge funds own 48.50% of the company’s stock.
Shares of DISH Network (NASDAQ DISH) opened at $45.10 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network has a one year low of $42.48 and a one year high of $66.50. The company has a market capitalization of $20,202.58, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04.
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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