DISH Network (NASDAQ:DISH) Announces Earnings Results, Beats Estimates By $0.07 EPS

Share on StockTwits

DISH Network (NASDAQ:DISH) released its quarterly earnings results on Thursday. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07, Briefing.com reports. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. DISH Network had a net margin of 10.88% and a return on equity of 16.24%. DISH Network’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share.

Shares of NASDAQ:DISH traded up $0.63 during trading on Friday, reaching $35.32. 2,285,300 shares of the stock traded hands, compared to its average volume of 2,665,102. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.63. DISH Network has a 52-week low of $23.22 and a 52-week high of $44.65. The stock has a market cap of $16.28 billion, a P/E ratio of 11.77 and a beta of 1.41. The stock has a 50-day moving average of $34.22 and a two-hundred day moving average of $35.53.

In other DISH Network news, insider James Defranco purchased 300,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 52.80% of the stock is currently owned by company insiders.

DISH has been the topic of a number of recent research reports. Barclays cut shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 price objective on the stock. in a report on Monday, July 29th. Citigroup cut their price objective on shares of DISH Network from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Cfra upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a report on Thursday. Sanford C. Bernstein initiated coverage on shares of DISH Network in a report on Tuesday, October 15th. They issued an “underperform” rating and a $29.00 price objective on the stock. Finally, Moffett Nathanson cut shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. DISH Network presently has a consensus rating of “Hold” and an average target price of $33.77.

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.

Recommended Story: Does the Dogs of the Dow strategy work?

Earnings History for DISH Network (NASDAQ:DISH)

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.