DISH Network Corporation (DISH) to Release Quarterly Earnings on Wednesday

DISH Network Corporation (NASDAQ:DISH) is set to announce its earnings results before the market opens on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Monday, May 1st. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. DISH Network Corporation had a return on equity of 32.65% and a net margin of 9.59%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the company earned $0.84 EPS. DISH Network Corporation’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect DISH Network Corporation to post $2.72 EPS for the current fiscal year and $2.47 EPS for the next fiscal year.

Shares of DISH Network Corporation (DISH) opened at 65.87 on Tuesday. The company has a 50-day moving average price of $63.92 and a 200 day moving average price of $62.06. The company has a market capitalization of $30.69 billion, a P/E ratio of 22.25 and a beta of 0.97. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.50.

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Several brokerages recently issued reports on DISH. BidaskClub raised DISH Network Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Wunderlich reaffirmed a “sell” rating and set a $54.00 target price on shares of DISH Network Corporation in a research report on Monday, June 12th. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the company a “hold” rating in a research report on Saturday, May 20th. Finally, UBS AG reaffirmed a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.75.

In related news, Director Tom A. Ortolf sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.55, for a total transaction of $302,750.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $302,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP R Stanton Dodge sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,100 shares of company stock worth $375,279. 49.30% of the stock is owned by corporate insiders.

DISH Network Corporation Company Profile

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.

Earnings History for DISH Network Corporation (NASDAQ:DISH)

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