Equities research analysts expect that EchoStar Corporation (NASDAQ:SATS) will announce earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for EchoStar Corporation’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.03. EchoStar Corporation 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 firm is scheduled to issue its next quarterly earnings report on Friday, February 23rd.
On average, analysts expect that EchoStar Corporation will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.86 to $1.01. For the next year, analysts expect that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.31 to $1.38. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for EchoStar Corporation.
EchoStar Corporation (NASDAQ:SATS) last issued its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.37. The business had revenue of $481.20 million for the quarter, compared to analysts’ expectations of $477.33 million. EchoStar Corporation had a return on equity of 2.85% and a net margin of 5.55%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS.
A number of research analysts have recently weighed in on SATS shares. Zacks Investment Research upgraded EchoStar Corporation from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Friday. TheStreet downgraded EchoStar Corporation from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Finally, Jefferies Group LLC started coverage on EchoStar Corporation in a report on Friday, September 8th. They set a “hold” rating and a $65.00 price target on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $63.75.
In other EchoStar Corporation news, insider Anders N. Johnson sold 7,128 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $58.72, for a total value of $418,556.16. Following the transaction, the insider now owns 2,000 shares in the company, valued at $117,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Rayner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.50, for a total value of $292,500.00. The disclosure for this sale can be found here. Insiders own 73.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SATS. SG Americas Securities LLC purchased a new position in EchoStar Corporation in the third quarter valued at about $145,000. The Manufacturers Life Insurance Company grew its stake in EchoStar Corporation by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,909 shares of the communications equipment provider’s stock valued at $177,000 after purchasing an additional 207 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in EchoStar Corporation by 390.3% in the second quarter. Cubist Systematic Strategies LLC now owns 3,432 shares of the communications equipment provider’s stock valued at $208,000 after purchasing an additional 2,732 shares in the last quarter. Teacher Retirement System of Texas grew its stake in EchoStar Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,734 shares of the communications equipment provider’s stock valued at $227,000 after purchasing an additional 39 shares in the last quarter. Finally, South State Corp purchased a new position in EchoStar Corporation in the second quarter valued at about $234,000. Hedge funds and other institutional investors own 44.94% of the company’s stock.
Shares of EchoStar Corporation (NASDAQ:SATS) traded up $0.92 during midday trading on Friday, hitting $55.69. The company had a trading volume of 116,600 shares, compared to its average volume of 164,667. The company has a quick ratio of 8.88, a current ratio of 8.61 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5,420.00, a PE ratio of 46.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76. EchoStar Corporation has a twelve month low of $48.19 and a twelve month high of $62.50.
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EchoStar Corporation Company Profile
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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