DISH Network (NASDAQ:DISH) issued its quarterly earnings results on Thursday. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.07, Briefing.com reports. The firm had revenue of $3.17 billion for 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%. DISH Network’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS.
DISH traded up $0.63 during trading on Friday, reaching $35.32. The company’s stock had a trading volume of 2,285,300 shares, compared to its average volume of 2,665,102. The firm has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $35.53. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 11.77 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 1.42. DISH Network has a 1 year low of $23.22 and a 1 year high of $44.65.
DISH has been the topic of a number of research reports. Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 25th. Cfra raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of DISH Network from a “strong sell” rating to a “sell” rating in a research note on Monday, October 21st. Barclays lowered shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 price target on the stock. in a research note on Monday, July 29th. Finally, BidaskClub lowered shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Friday. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. DISH Network has a consensus rating of “Hold” and a consensus target price of $33.77.
In other DISH Network news, insider James Defranco purchased 300,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $31.18 per share, for a total transaction of $9,354,000.00. Following the completion of the purchase, the insider now directly owns 1,528,529 shares in the company, valued at approximately $47,659,534.22. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 52.80% of the company’s stock.
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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