Echostar Co. (SATS) Expected to Announce Earnings of $0.11 Per Share

Wall Street analysts expect Echostar Co. (NASDAQ:SATS) to announce $0.11 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued 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 reported earnings per share of $0.40 during the same quarter last year, which would suggest a negative year-over-year growth rate of 72.5%. The company is expected to announce its next quarterly 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 fiscal year, with EPS estimates ranging from $0.86 to $1.05. For the next financial year, analysts forecast that the business will post earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Echostar.

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

Several research firms have recently issued reports on SATS. BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Jefferies Group set a $70.00 price objective on Echostar and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.33.

In other news, CEO Michael T. Dugan sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total value of $111,798.00. Following the completion of the transaction, the chief executive officer now owns 26,746 shares of the company’s stock, valued at $1,661,194.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael T. Dugan sold 3,508 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $62.00, for a total value of $217,496.00. The disclosure for this sale can be found here. Corporate insiders own 73.54% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SATS. SG Americas Securities LLC bought a new stake in Echostar in the third quarter valued at approximately $145,000. The Manufacturers Life Insurance Company boosted its holdings in Echostar by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,909 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 207 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Echostar by 124.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,192 shares of the communications equipment provider’s stock valued at $191,000 after acquiring an additional 1,772 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Echostar in the fourth quarter valued at approximately $197,000. Finally, CIBC Asset Management Inc bought a new stake in Echostar in the fourth quarter valued at approximately $200,000. 44.51% of the stock is owned by institutional investors.

Echostar (NASDAQ SATS) opened at $58.01 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 8.40 and a current ratio of 8.61. The company has a market capitalization of $5,666.98, a PE ratio of 50.60, a price-to-earnings-growth ratio of 3.11 and a beta of 0.74. Echostar has a 52 week low of $51.54 and a 52 week high of $62.50.

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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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