News coverage about EchoStar Corporation (NASDAQ:SATS) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. EchoStar Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 47.0502226757722 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Financial Comparison: EchoStar Corporation (SATS) & ADTRAN (ADTN) (americanbankingnews.com)
- ETFs with exposure to EchoStar Corp. : November 13, 2017 (finance.yahoo.com)
- EchoStar Corporation (SATS) Upgraded by Zacks Investment Research to “Strong-Buy” (americanbankingnews.com)
- $0.11 Earnings Per Share Expected for EchoStar Corporation (SATS) This Quarter (americanbankingnews.com)
- EchoStar Corp. – Value Analysis (NASDAQ:SATS) : November 10, 2017 (finance.yahoo.com)
Shares of EchoStar Corporation (NASDAQ SATS) opened at $58.87 on Wednesday. The company has a quick ratio of 8.40, a current ratio of 8.61 and a debt-to-equity ratio of 0.93. EchoStar Corporation has a fifty-two week low of $49.73 and a fifty-two week high of $62.50. The firm has a market capitalization of $5,297.94, a P/E ratio of 47.34, a PEG ratio of 2.73 and a beta of 0.76.
EchoStar Corporation (NASDAQ:SATS) last issued its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.37. EchoStar Corporation had a return on equity of 2.85% and a net margin of 5.55%. The firm had revenue of $481.20 million for the quarter, compared to the consensus estimate of $477.33 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. research analysts anticipate that EchoStar Corporation will post 0.94 EPS for the current year.
SATS has been the topic of several recent analyst reports. TheStreet downgraded EchoStar Corporation from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Jefferies Group LLC initiated coverage on EchoStar Corporation in a report on Friday, September 8th. They issued a “hold” rating and a $65.00 price target on the stock. Finally, Zacks Investment Research upgraded EchoStar Corporation from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $63.75.
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In other EchoStar Corporation news, insider Anders N. Johnson sold 7,128 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $58.72, for a total transaction of $418,556.16. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $117,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Rayner sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $58.50, for a total value of $292,500.00. The disclosure for this sale can be found here. Company insiders own 73.54% of the company’s stock.
About EchoStar Corporation
EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.
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