Media headlines about Echostar (NASDAQ:SATS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Echostar earned a news impact score of 0.06 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.3645189337685 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. TheStreet upgraded shares of Echostar from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Citigroup boosted their price objective on shares of Echostar from $71.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. BidaskClub upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Finally, Jefferies Group set a $70.00 price objective on shares of Echostar and gave the stock a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.00.
Shares of Echostar (NASDAQ SATS) traded down $0.66 during trading on Tuesday, hitting $56.40. 175,039 shares of the stock were exchanged, compared to its average volume of 156,153. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.98 and a quick ratio of 8.78. Echostar has a twelve month low of $52.11 and a twelve month high of $62.50. The firm has a market capitalization of $5,527.65, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76.
Echostar (NASDAQ:SATS) last announced its earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Echostar had a return on equity of 2.06% and a net margin of 20.82%. The company had revenue of $506.05 million for the quarter, compared to the consensus estimate of $508.33 million. During the same period last year, the firm posted $0.40 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. equities research analysts anticipate that Echostar will post 0.98 EPS for the current year.
In related news, CFO David Rayner sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.76, for a total transaction of $235,040.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tom A. Ortolf sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $59.71, for a total transaction of $298,550.00. The disclosure for this sale can be found here. Insiders have sold 18,381 shares of company stock worth $1,105,920 in the last ninety days. 73.54% of the stock is currently owned by insiders.
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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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