Wall Street brokerages predict that DISH Network Corp (NASDAQ:DISH) will post $3.17 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for DISH Network’s earnings. The highest sales estimate is $3.20 billion and the lowest is $3.13 billion. DISH Network reported sales of $3.31 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 4.2%. The firm is expected to issue its next earnings results on Wednesday, February 12th.
On average, analysts expect that DISH Network will report full year sales of $12.73 billion for the current financial year, with estimates ranging from $12.69 billion to $12.77 billion. For the next financial year, analysts expect that the company will post sales of $12.35 billion, with estimates ranging from $12.05 billion to $12.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover DISH Network.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. DISH Network had a net margin of 10.47% and a return on equity of 14.55%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS.
In other DISH Network news, EVP Jeffrey L. Mcschooler sold 1,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.34, for a total value of $63,152.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 52.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina increased its position in DISH Network by 0.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 113,299 shares of the company’s stock valued at $4,352,000 after acquiring an additional 340 shares during the period. Victory Capital Management Inc. boosted its stake in shares of DISH Network by 23.2% in the 2nd quarter. Victory Capital Management Inc. now owns 88,975 shares of the company’s stock valued at $3,418,000 after purchasing an additional 16,771 shares during the last quarter. United Services Automobile Association boosted its stake in shares of DISH Network by 52.6% in the 2nd quarter. United Services Automobile Association now owns 361,129 shares of the company’s stock valued at $13,871,000 after purchasing an additional 124,528 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of DISH Network in the 2nd quarter valued at $440,000. Finally, Red Cedar Management LP bought a new stake in shares of DISH Network in the 2nd quarter valued at $3,072,000. Hedge funds and other institutional investors own 47.21% of the company’s stock.
DISH stock traded down $0.34 during trading on Friday, reaching $36.76. 2,879,727 shares of the company were exchanged, compared to its average volume of 2,199,707. The company has a 50-day moving average of $35.96 and a two-hundred day moving average of $35.07. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 14.42 and a beta of 1.33. DISH Network has a twelve month low of $28.24 and a twelve month high of $44.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.60 and a quick ratio of 0.53.
DISH Network Company Profile
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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