News stories about Echostar (NASDAQ:SATS) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Echostar earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.3233885765034 out of 100, meaning that recent media 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 effected Accern Sentiment Analysis’s analysis:
- 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)
A number of analysts recently issued reports on SATS shares. Citigroup boosted their price objective on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded Echostar from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Tuesday, February 27th. TheStreet upgraded Echostar from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. 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, BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $71.00.
Echostar (NASDAQ:SATS) last posted its earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). Echostar had a return on equity of 2.06% and a net margin of 20.82%. The business had revenue of $506.05 million for the quarter, compared to analysts’ expectations of $508.33 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Echostar’s quarterly revenue was up 6.4% compared to the same quarter last year. equities research analysts predict that Echostar will post 0.98 EPS for the current year.
In related news, CEO Michael T. Dugan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total transaction of $111,798.00. Following the completion of the transaction, the chief executive officer now directly owns 26,746 shares in the company, valued at $1,661,194.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David Rayner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $58.76, for a total value of $235,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,381 shares of company stock valued at $1,105,920. 73.54% of the stock is owned by company insiders.
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Echostar Company Profile
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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