EchoStar (SATS) to Release Earnings on Thursday

EchoStar (NASDAQ:SATS) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect EchoStar to post earnings of ($0.63) per share and revenue of $3.93 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

EchoStar Trading Down 2.3 %

Shares of EchoStar stock opened at $28.34 on Wednesday. EchoStar has a 52-week low of $11.83 and a 52-week high of $30.55. The stock’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $24.26. The stock has a market capitalization of $7.70 billion, a P/E ratio of -3.09 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SATS. StockNews.com upgraded EchoStar to a “sell” rating in a research note on Saturday, November 9th. UBS Group lifted their target price on EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Morgan Stanley started coverage on EchoStar in a report on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price for the company. Finally, TD Cowen reduced their target price on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.75.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.