Analysts Anticipate DISH Network Co. (NASDAQ:DISH) Will Post Quarterly Sales of $4.31 Billion

Wall Street brokerages forecast that DISH Network Co. (NASDAQ:DISH – Get Rating) will announce sales of $4.31 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for DISH Network’s earnings. The lowest sales estimate is $4.22 billion and the highest is $4.41 billion. DISH Network reported sales of $4.49 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that DISH Network will report full year sales of $17.14 billion for the current financial year, with estimates ranging from $16.80 billion to $17.45 billion. For the next fiscal year, analysts anticipate that the company will report sales of $16.74 billion, with estimates ranging from $16.14 billion to $17.55 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for DISH Network.

DISH Network (NASDAQ:DISH – Get Rating) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). DISH Network had a return on equity of 14.56% and a net margin of 12.49%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year.

DISH has been the subject of a number of recent analyst reports. Benchmark decreased their price objective on DISH Network from $50.00 to $37.00 in a report on Monday, May 9th. Pivotal Research cut their target price on DISH Network from $50.00 to $40.00 in a research report on Monday, May 9th. UBS Group upgraded DISH Network from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft cut their target price on DISH Network from $67.00 to $61.00 in a research report on Monday, May 9th. Finally, Credit Suisse Group upgraded DISH Network from a “neutral” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, May 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.17.

Large investors have recently made changes to their positions in the business. Covestor Ltd raised its stake in DISH Network by 268.9% during the 1st quarter. Covestor Ltd now owns 889 shares of the company’s stock valued at $28,000 after purchasing an additional 648 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in DISH Network during the 1st quarter valued at $30,000. Clearstead Advisors LLC raised its stake in DISH Network by 236.6% during the 3rd quarter. Clearstead Advisors LLC now owns 983 shares of the company’s stock valued at $43,000 after purchasing an additional 691 shares during the period. Van ECK Associates Corp raised its stake in DISH Network by 95.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,029 shares of the company’s stock valued at $45,000 after purchasing an additional 503 shares during the period. Finally, Rosenberg Matthew Hamilton acquired a new stake in DISH Network during the 1st quarter valued at $61,000. 46.90% of the stock is currently owned by institutional investors.

DISH stock traded up $0.85 on Monday, reaching $20.86. The company’s stock had a trading volume of 6,328,943 shares, compared to its average volume of 4,801,529. DISH Network has a 52 week low of $17.04 and a 52 week high of $46.31. The company has a market capitalization of $11.04 billion, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.92. The firm has a fifty day moving average of $29.83 and a two-hundred day moving average of $32.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 1.07.

DISH Network Company Profile (Get Rating)

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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