DISH Network Co. (NASDAQ: DISH) is expected to post quarterly sales of $ 4.46 billion
Analysts predict that DISH Network Co. (NASDAQ: DISH) will report revenue of $ 4.46 billion for the current quarter, according to Zack. Seven analysts have released earnings estimates for DISH Network, with the lowest sales estimate at $ 4.36 billion and the highest estimate at $ 4.59 billion. DISH Network posted sales of $ 4.56 billion in the same quarter of last year, suggesting a negative growth rate of 2.2% year-over-year. The company is expected to report its next results on Monday, February 28.
According to Zacks, analysts expect DISH Network to report annual sales of $ 17.89 billion for the current fiscal year, with estimates ranging from $ 17.82 billion to $ 18.02 billion. For the next fiscal year, analysts expect the company to have revenue of $ 17.51 billion, with estimates ranging from $ 16.89 billion to $ 17.83 billion. Zacks Investment Research sales calculations are an average based on a survey of analysts who follow DISH Network.
DISH Network (NASDAQ: DISH) last released its quarterly results on Thursday, November 4. The company reported EPS of $ 0.88 for the quarter, missing Zacks’ consensus estimate of $ 0.89 ($ 0.01). DISH Network had a net margin of 14.40% and a return on equity of 18.26%. The company posted revenue of $ 4.45 billion for the quarter, compared to $ 4.45 billion expected by analysts. During the same period of the previous year, the company reported earnings per share of $ 0.86. The company’s turnover is down 1.8% compared to the same quarter last year.
Several research analysts recently commented on DISH stocks. TheStreet downgraded DISH Network from a “b-” rating to a “c +” rating in a report released on Friday, December 10. Raymond James reduced his price target on DISH Network from $ 56.00 to $ 52.00 and set a “strong buy” rating on the stock in a research report on Friday, November 5. Morgan Stanley lowered its price target on DISH Network from $ 50.00 to $ 40.00 and established an “even weight” rating for the stock in a research report released on Tuesday, November 30. Pivotal Research raised its price target on DISH Network from $ 60.00 to $ 65.00 and gave the company a “buy” rating in a research report on Friday, September 17. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on DISH Network shares from $ 77.00 to $ 71.00 and set a “buy” note for the company in a research note on Wednesday, November 10. . One research analyst rated the stock with a sell rating, five issued a conservation rating, four issued a buy rating, and two issued a strong buy rating for the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $ 49.21.
NASDAQ: DISH opened at $ 33.02 on Thursday. The company has a debt ratio of 0.95, a quick ratio of 1.08, and a current ratio of 1.15. The stock has a fifty-day moving average of $ 34.53 and a 200-day moving average of $ 39.87. DISH Network has a 52-week low of $ 28.53 and a 52-week high of $ 47.05. The company has a market cap of $ 17.46 billion, a price / earnings ratio of 7.93, a P / E / G ratio of 1.45 and a beta of 2.11.
A number of hedge funds and other institutional investors have recently bought and sold stocks. Balyasny Asset Management LLC acquired a new position in DISH Network during the third quarter valued at $ 1,796,000. Raine Capital LLC increased its position in DISH Network by 38.5% during the third quarter. Raine Capital LLC now owns 450,000 shares of the company valued at $ 19,557,000 after purchasing an additional 125,000 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in DISH Network during the third quarter for a value of $ 282,000. PPM America Inc. IL acquired a new position in DISH Network during the third quarter valued at $ 487,000. Finally, Captrust Financial Advisors increased its position in DISH Network by 24.7% during the third quarter. Captrust Financial Advisors now owns 9,371 shares of the company valued at $ 407,000 after purchasing an additional 1,856 shares during the period. Institutional investors hold 99.16% of the shares of the company.
DISH Network Company Profile
DISH Network Corp. is a holding company that provides pay television services. It operates through the Pay-TV and Wireless segments. The pay TV segment operates under the DISH brand and the Sling brand. Wireless segment refers to wireless spectrum licenses and related assets. The company was founded by Charles W.
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