Wall Street analysts predict that DISH Network Corp (NASDAQ:DISH) will report $3.50 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for DISH Network’s earnings, with the highest sales estimate coming in at $3.56 billion and the lowest estimate coming in at $3.41 billion. DISH Network reported sales of $3.68 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 4.9%. The business is expected to report its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that DISH Network will report full-year sales of $3.50 billion for the current fiscal year, with estimates ranging from $13.50 billion to $14.17 billion. For the next year, analysts forecast that the company will report sales of $13.27 billion per share, with estimates ranging from $12.75 billion to $14.07 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for DISH Network.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. DISH Network had a net margin of 14.59% and a return on equity of 22.56%. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in DISH Network by 13.7% in the third quarter. Pacer Advisors Inc. now owns 8,611 shares of the company’s stock valued at $467,000 after buying an additional 1,040 shares in the last quarter. Norinchukin Bank The grew its position in shares of DISH Network by 7.4% in the third quarter. Norinchukin Bank The now owns 16,947 shares of the company’s stock valued at $919,000 after purchasing an additional 1,161 shares during the period. Profund Advisors LLC grew its position in shares of DISH Network by 7.0% in the fourth quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock valued at $939,000 after purchasing an additional 1,283 shares during the period. MUFG Americas Holdings Corp grew its position in shares of DISH Network by 86.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock valued at $133,000 after purchasing an additional 1,300 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in shares of DISH Network by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 44,180 shares of the company’s stock valued at $2,110,000 after purchasing an additional 1,406 shares during the period. 48.17% of the stock is owned by institutional investors.
Shares of DISH Network (DISH) opened at $41.35 on Tuesday. DISH Network has a one year low of $40.22 and a one year high of $66.50. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.18. The company has a market cap of $19,290.00, a price-to-earnings ratio of 23.10, a PEG ratio of -8.52 and a beta of 1.11.
About DISH Network
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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