$3.54 Billion in Sales Expected for DISH Network Corp (DISH) This Quarter

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.

Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed a “buy” rating and set a $75.00 target price on shares of DISH Network in a research report on Tuesday, October 17th. Pivotal Research raised DISH Network from a “hold” rating to a “buy” rating and cut their target price for the company from $68.00 to $65.00 in a research report on Monday, November 6th. Citigroup raised DISH Network from a “neutral” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, dropped their price target on DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.81.

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.

COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/08/3-54-billion-in-sales-expected-for-dish-network-corp-dish-this-quarter.html.

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.

Get a free copy of the Zacks research report on DISH Network (DISH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply