Brokerages Anticipate DISH Network Corp (DISH) Will Post Quarterly Sales of $3.55 Billion

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.

A number of analysts have commented on the stock. Moffett Nathanson restated a “sell” rating and set a $37.00 price target (down previously from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. decreased their price target on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, October 17th. Jefferies Group restated a “buy” rating and set a $80.00 price target on shares of DISH Network in a research note on Monday, September 25th. Macquarie restated a “hold” rating and set a $60.00 price target (down previously from $68.00) on shares of DISH Network in a research note on Monday, October 2nd. Finally, Barclays decreased their price target on shares of DISH Network from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. DISH Network currently has an average rating of “Hold” and a consensus price target of $62.81.

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.

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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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