Media headlines about DISH Network (NASDAQ:DISH) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DISH Network earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.2387117308007 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
DISH has been the subject of several analyst reports. SunTrust Banks dropped their price objective on DISH Network to $44.00 and set a “hold” rating for the company in a report on Thursday, March 1st. Moffett Nathanson raised DISH Network from a “sell” rating to a “neutral” rating and set a $37.00 price objective for the company in a report on Friday, March 23rd. They noted that the move was a valuation call. Cowen set a $54.00 price objective on DISH Network and gave the company a “buy” rating in a report on Monday, March 26th. ValuEngine cut DISH Network from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Barclays lowered their price target on DISH Network from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.42.
DISH Network stock opened at $34.91 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of 2.07. DISH Network has a 52 week low of $28.80 and a 52 week high of $66.50. The firm has a market cap of $15.77 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of -6.53 and a beta of 1.11.
DISH Network (NASDAQ:DISH) last issued its earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). DISH Network had a return on equity of 20.48% and a net margin of 14.75%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the company earned $0.76 EPS. DISH Network’s revenue for the quarter was down 6.0% on a year-over-year basis. research analysts forecast that DISH Network will post 2.58 EPS for the current year.
In other news, Chairman Charles W. Ergen bought 100,000 shares of the stock in a transaction on Thursday, May 31st. The stock was acquired at an average price of $29.37 per share, with a total value of $2,937,000.00. Following the acquisition, the chairman now directly owns 696,470 shares in the company, valued at $20,455,323.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Defranco bought 10,000 shares of the stock in a transaction on Monday, June 4th. The stock was purchased at an average cost of $29.20 per share, with a total value of $292,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 115,000 shares of company stock valued at $3,389,450 and sold 1,190 shares valued at $44,907. 49.20% of the stock is owned by corporate insiders.
About DISH Network
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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