Wall Street analysts expect DISH Network Co. (NASDAQ: FLAT – Get a rating) will report earnings per share of $0.69 for the current fiscal quarter, Zacks reports. Six analysts have released earnings estimates for DISH Network. The highest EPS estimate is $0.85 and the lowest is $0.49. DISH Network reported earnings per share of $0.99 in the same quarter last year, suggesting a negative 30.3% year-over-year growth rate. The company is expected to announce its next results before the market opens on Monday, January 1.
On average, analysts expect DISH Network to report annual earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $3.25. For next year, analysts expect the company to report earnings of $1.69 per share, with EPS estimates ranging from ($0.62) to $3.09. Zacks EPS calculations are an average based on a survey of research analysts who provide coverage for DISH Network.
DISH Network (NASDAQ: FLAT – Get a rating) last announced its results on Friday, May 6. The company reported earnings per share (EPS) of $0.68 for the quarter, missing analyst consensus estimates of $0.74 per ($0.06). The company posted revenue of $4.33 billion for the quarter, versus a consensus estimate of $4.39 billion. DISH Network had a return on equity of 16.48% and a net margin of 13.48%. The company’s revenue for the quarter was down 3.8% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.99.
A number of brokerages have published reports on DISH. Truist Financial reduced its target price on DISH Network from $40.00 to $32.00 and set a “holding” rating for the company in a research report on Friday, February 25. Pivotal Research reduced its target price on DISH Network from $65.00 to $50.00 in a Friday, February 25 research report. StockNews.com began coverage on DISH Network in a research report on Thursday, March 31. They issued a “sell” rating for the company. JPMorgan Chase & Co. downgraded DISH Network from an “underweight” to an “overweight” rating and lowered its price target for the company from $42.00 to $40.00 in a research report Friday, February 25. Finally, UBS Group upgraded DISH Network from a “neutral” rating to a “buy” rating and set a price target of $44.00 for the company in a Tuesday, March 8 research report. Two research analysts rated the stock with a sell rating, six gave the company a hold rating, six issued a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.25.
Hedge funds and other institutional investors have recently changed their stock holdings. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in DISH Network in the first quarter worth about $30,000. Clearstead Advisors LLC increased its holdings in DISH Network by 236.6% in the third quarter. Clearstead Advisors LLC now owns 983 shares of the company valued at $43,000 after acquiring 691 additional shares in the last quarter. Van ECK Associates Corp increased its stake in DISH Network by 95.6% during the third quarter. Van ECK Associates Corp now owns 1,029 shares of the company worth $45,000 after buying 503 additional shares in the last quarter. Rosenberg Matthew Hamilton bought a new position in DISH Network during the first quarter worth approximately $61,000. Finally, Pinebridge Investments LP purchased a new position in DISH Network during the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 46.90% of the company’s shares.
Stock DISH Network traded at $5.26 during Friday trading hours, rising to $22.22. 13,288,914 shares of the company were traded, with an average volume of 2,594,418. The company has a market capitalization of $11.75 billion, a price-earnings ratio of 5.85, a PEG ratio of 1, 85 and a beta of 1.92. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt ratio of 1.25. The stock has a 50-day moving average of $30.86 and a 200-day moving average of $32.81. DISH Network has a 12-month low of $21.77 and a 12-month high of $47.05.
DISH Network Company Profile (Get a rating)
DISH Network Corporation, together with its subsidiaries, provides pay television 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 on national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latin and international.
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