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 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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