Analysts Anticipate Echostar Co. (SATS) to Post $0.11 EPS

Analysts expect Echostar Co. (NASDAQ:SATS) to post earnings per share of $0.11 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Echostar’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.03. Echostar posted earnings of $0.40 per share during the same quarter last year, which would indicate a negative year over year growth rate of 72.5%. The firm is scheduled to announce its next earnings report on Friday, February 23rd.

According to Zacks, analysts expect that Echostar will report full-year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.05. For the next financial year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Echostar.

Echostar (NASDAQ:SATS) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.37. Echostar had a net margin of 5.55% and a return on equity of 2.85%. The company had revenue of $481.20 million during the quarter, compared to the consensus estimate of $477.33 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.

SATS has been the subject of a number of analyst reports. Jefferies Group initiated coverage on shares of Echostar in a research report on Friday, September 8th. They issued a “hold” rating and a $65.00 price target for the company. Zacks Investment Research upgraded shares of Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Echostar presently has an average rating of “Buy” and a consensus price target of $68.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Echostar by 2.7% during the second quarter. BlackRock Inc. now owns 1,981,989 shares of the communications equipment provider’s stock valued at $120,307,000 after purchasing an additional 52,406 shares in the last quarter. First Trust Advisors LP raised its position in Echostar by 376.4% during the second quarter. First Trust Advisors LP now owns 241,039 shares of the communications equipment provider’s stock valued at $14,631,000 after purchasing an additional 190,448 shares in the last quarter. Stevens Capital Management LP acquired a new position in Echostar during the third quarter valued at approximately $297,000. NJ State Employees Deferred Compensation Plan acquired a new position in Echostar during the third quarter valued at approximately $515,000. Finally, Thompson Siegel & Walmsley LLC raised its position in Echostar by 4.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 352,961 shares of the communications equipment provider’s stock valued at $20,200,000 after purchasing an additional 13,867 shares in the last quarter. Institutional investors own 44.48% of the company’s stock.

Echostar (SATS) traded down $0.03 during midday trading on Monday, hitting $59.05. 106,605 shares of the stock were exchanged, compared to its average volume of 161,393. The company has a current ratio of 8.61, a quick ratio of 8.40 and a debt-to-equity ratio of 0.93. Echostar has a 52 week low of $49.82 and a 52 week high of $62.50. The firm has a market capitalization of $5,620.07, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 3.26 and a beta of 0.78.

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About Echostar

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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