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

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DISH Network (NASDAQ:DISH) posted its quarterly earnings results on Thursday. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.07, Briefing.com reports. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.16 billion. DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS.

Shares of DISH Network stock traded up $0.63 during trading on Friday, hitting $35.32. The stock had a trading volume of 2,285,300 shares, compared to its average volume of 2,665,102. The company has a market capitalization of $16.28 billion, a PE ratio of 11.77 and a beta of 1.41. DISH Network has a 1 year low of $23.22 and a 1 year high of $44.65. The stock has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $35.53. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 1.42.

A number of research analysts have issued reports on DISH shares. Barclays lowered shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 target price for the company. in a research note on Monday, July 29th. ValuEngine raised shares of DISH Network from a “strong sell” rating to a “sell” rating in a research note on Monday, October 21st. UBS Group boosted their price target on shares of DISH Network from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday. Moffett Nathanson downgraded shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a report on Thursday, July 25th. Finally, Raymond James upgraded shares of DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a report on Monday, August 26th. Eight analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned 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.

In related news, insider James Defranco bought 300,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $31.18 per share, for a total transaction of $9,354,000.00. Following the purchase, the insider now directly owns 1,528,529 shares in the company, valued at $47,659,534.22. The purchase was disclosed in a filing with the SEC, which is available through this link. 52.80% of the stock is owned by corporate insiders.

About DISH Network

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.

See Also: What is a SEC Filing?

Earnings History for DISH Network (NASDAQ:DISH)

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