FY2017 EPS Estimates for EchoStar Corporation Raised by Jefferies Group (SATS)

EchoStar Corporation (NASDAQ:SATS) – Equities researchers at Jefferies Group increased their FY2017 EPS estimates for EchoStar in a research note issued on Friday. Jefferies Group analyst G. Thorne now anticipates that the communications equipment provider will earn $1.05 per share for the year, up from their previous forecast of $0.96. Jefferies Group currently has a “Hold” rating and a $70.00 target price on the stock. Jefferies Group also issued estimates for EchoStar’s FY2018 earnings at $1.40 EPS and FY2020 earnings at $2.41 EPS.

EchoStar (NASDAQ:SATS) last announced its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.37. The company had revenue of $481.20 million during the quarter, compared to the consensus estimate of $477.33 million. EchoStar had a net margin of 5.55% and a return on equity of 2.85%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of EchoStar from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Zacks Investment Research upgraded shares of EchoStar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.33.

Shares of EchoStar (SATS) opened at $58.80 on Monday. EchoStar has a 1-year low of $49.82 and a 1-year high of $62.50. The company has a current ratio of 8.61, a quick ratio of 8.40 and a debt-to-equity ratio of 0.93. The stock has a market cap of $5,630.00, a PE ratio of 51.58, a P/E/G ratio of 2.88 and a beta of 0.78.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in EchoStar during the third quarter worth about $145,000. The Manufacturers Life Insurance Company increased its stake in shares of EchoStar by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,909 shares of the communications equipment provider’s stock worth $177,000 after purchasing an additional 207 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of EchoStar in the third quarter worth about $204,000. Cubist Systematic Strategies LLC increased its stake in shares of EchoStar by 390.3% in the second quarter. Cubist Systematic Strategies LLC now owns 3,432 shares of the communications equipment provider’s stock worth $208,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of EchoStar by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,734 shares of the communications equipment provider’s stock worth $227,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 44.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for EchoStar Corporation Raised by Jefferies Group (SATS)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/12/06/fy2017-eps-estimates-for-echostar-corporation-raised-by-jefferies-group-sats.html.

EchoStar 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.

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

Leave a Reply