News stories about Echostar (NASDAQ:SATS) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Echostar earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.7358313078394 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Global Eagle Entertainment Expands Aero Network from Hughes That Brings Faster Speeds and More Capacity with JUPITER Technology (finance.yahoo.com)
- Zacks Investment Research Upgrades Echostar (SATS) to Hold (americanbankingnews.com)
- Hughes Ships First Gateways for the Ground Network to Support OneWeb’s Low Earth Orbit Constellation (finance.yahoo.com)
- Hughes Selected by Leading Oil Well Services Company to Provide Next Gen Rapid Deploy Communications Hub (finance.yahoo.com)
- Hughes Enhances JUPITER System, the World’s Most Advanced Broadband Satellite Platform (finance.yahoo.com)
Several equities research analysts have issued reports on SATS shares. Zacks Investment Research upgraded Echostar from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet upgraded Echostar from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Citigroup boosted their price target on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a report on Monday, February 26th. BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Jefferies Group set a $70.00 price objective on Echostar and gave the company a “hold” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.00.
Echostar (NASDAQ:SATS) last announced its quarterly earnings data on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $506.05 million during the quarter, compared to analyst estimates of $508.33 million. Echostar had a net margin of 20.82% and a return on equity of 2.06%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. analysts predict that Echostar will post 0.98 EPS for the current year.
In other news, CEO Michael T. Dugan sold 1,800 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total transaction of $111,798.00. Following the sale, the chief executive officer now directly owns 26,746 shares of the company’s stock, valued at $1,661,194.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Ortolf sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.71, for a total value of $298,550.00. The disclosure for this sale can be found here. Insiders have sold 18,381 shares of company stock worth $1,105,920 over the last ninety days. 73.54% of the stock is owned by insiders.
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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