Echostar (NASDAQ:SATS) will issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Echostar (NASDAQ SATS) opened at $59.78 on Tuesday. Echostar has a 52 week low of $51.54 and a 52 week high of $62.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 8.40 and a current ratio of 8.61. The company has a market capitalization of $5,720.00, a price-to-earnings ratio of 51.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74.
In other Echostar news, CEO Michael T. Dugan sold 3,508 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $62.00, for a total transaction of $217,496.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael T. Dugan sold 1,800 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total value of $111,798.00. Following the transaction, the chief executive officer now owns 26,746 shares in the company, valued at approximately $1,661,194.06. The disclosure for this sale can be found here. 73.54% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Echostar stock. The Manufacturers Life Insurance Company grew its holdings in Echostar Co. (NASDAQ:SATS) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,909 shares of the communications equipment provider’s stock after purchasing an additional 207 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Echostar were worth $177,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 45.73% of the company’s stock.
SATS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Friday, November 10th. Jefferies Group set a $70.00 price objective on Echostar and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Echostar currently has an average rating of “Buy” and an average price target of $68.33.
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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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