Analysts expect DISH Network Corp (NASDAQ:DISH) to report $3.55 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for DISH Network’s earnings, with the highest sales estimate coming in at $3.62 billion and the lowest estimate coming in at $3.50 billion. DISH Network posted sales of $3.72 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The company is expected to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that DISH Network will report full year sales of $3.55 billion for the current year, with estimates ranging from $14.41 billion to $14.55 billion. For the next financial year, analysts anticipate that the company will report sales of $13.83 billion per share, with estimates ranging from $13.56 billion to $14.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow DISH Network.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. DISH Network had a net margin of 7.22% and a return on equity of 25.97%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS.
DISH Network (DISH) traded up $0.10 during trading hours on Monday, hitting $45.26. 3,164,300 shares of the stock traded hands, compared to its average volume of 2,589,246. The company has a market cap of $21,190.00, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.98 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. DISH Network has a 12 month low of $44.83 and a 12 month high of $66.50.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ray Gerald L & Associates Ltd. boosted its holdings in DISH Network by 113.6% during the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after acquiring an additional 6,700 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its holdings in shares of DISH Network by 33.9% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock worth $308,000 after buying an additional 1,439 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of DISH Network by 1.3% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 199,017 shares of the company’s stock worth $10,793,000 after buying an additional 2,599 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of DISH Network by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 422,673 shares of the company’s stock worth $22,922,000 after buying an additional 11,173 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in shares of DISH Network by 332.2% in the 3rd quarter. Old West Investment Management LLC now owns 101,719 shares of the company’s stock worth $5,516,000 after buying an additional 78,183 shares during the last quarter. 48.54% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/01/22/brokerages-anticipate-dish-network-corp-dish-will-post-quarterly-sales-of-3-55-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.