DISH Network (NASDAQ:DISH) posted its earnings results on Thursday. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.07, Briefing.com reports. DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $0.82 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year.
Shares of NASDAQ:DISH traded up $0.63 during mid-day trading on Friday, reaching $35.32. The company had a trading volume of 2,285,300 shares, compared to its average volume of 2,665,102. DISH Network has a one year low of $23.22 and a one year high of $44.65. The company’s 50-day moving average price is $34.22 and its 200-day moving average price is $35.53. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 11.77 and a beta of 1.41. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.
In related news, insider James Defranco bought 300,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of $31.18 per share, for a total transaction of $9,354,000.00. Following the completion of the transaction, the insider now owns 1,528,529 shares of the company’s stock, valued at $47,659,534.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 52.80% of the stock is currently owned by insiders.
DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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