Brokerages predict that DISH Network Corp (NASDAQ:DISH) will post earnings of $0.56 per share for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for DISH Network’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.46. DISH Network posted earnings of $0.70 per share in the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that DISH Network will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $2.18. For the next financial year, analysts expect that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $1.91 to $2.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for DISH Network.
DISH Network (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of DISH Network by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after acquiring an additional 409,704 shares in the last quarter. BlackRock Inc. boosted its stake in DISH Network by 1.9% during the 2nd quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock valued at $858,929,000 after purchasing an additional 259,139 shares during the period. FMR LLC boosted its stake in DISH Network by 22.7% during the 2nd quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after purchasing an additional 831,768 shares during the period. Paulson & CO. Inc. boosted its stake in DISH Network by 15.9% during the 2nd quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after purchasing an additional 548,700 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in DISH Network by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after purchasing an additional 25,695 shares during the period. Institutional investors own 48.54% of the company’s stock.
DISH Network (NASDAQ:DISH) opened at $49.22 on Wednesday. The firm has a market capitalization of $23,028.71, a price-to-earnings ratio of 18.15, a P/E/G ratio of 2.25 and a beta of 1.09. DISH Network has a 52-week low of $46.07 and a 52-week high of $66.50. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72.
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DISH Network Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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