DISH has been the topic of several other research reports. BidaskClub downgraded DISH Network from a sell rating to a strong sell rating in a report on Friday, July 27th. Morgan Stanley cut their price objective on DISH Network from $55.00 to $45.00 and set an equal weight rating on the stock in a report on Monday, April 23rd. Credit Suisse Group initiated coverage on DISH Network in a report on Tuesday, July 10th. They set an underperform rating and a $30.00 price objective on the stock. Zacks Investment Research downgraded DISH Network from a strong-buy rating to a hold rating in a report on Friday, July 20th. Finally, Goldman Sachs Group reissued a neutral rating on shares of DISH Network in a report on Thursday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $53.61.
DISH Network opened at $36.59 on Monday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.66 and a current ratio of 0.76. DISH Network has a twelve month low of $28.80 and a twelve month high of $59.90. The firm has a market cap of $17.16 billion, a P/E ratio of 14.41, a PEG ratio of -6.93 and a beta of 1.10.
DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.14. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the business posted $0.09 EPS. DISH Network’s revenue for the quarter was down 4.9% on a year-over-year basis. analysts forecast that DISH Network will post 2.7 earnings per share for the current fiscal year.
In related news, insider James Defranco bought 10,000 shares of the business’s stock in a transaction on Monday, June 4th. The shares were purchased at an average cost of $29.20 per share, with a total value of $292,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles W. Ergen bought 100,000 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were bought at an average cost of $29.37 per share, for a total transaction of $2,937,000.00. Following the completion of the acquisition, the chairman now directly owns 696,470 shares in the company, valued at approximately $20,455,323.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 165,000 shares of company stock worth $4,972,550 over the last ninety days. Company insiders own 49.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in DISH Network by 4.7% during the 2nd quarter. CIBC Asset Management Inc now owns 39,273 shares of the company’s stock worth $1,320,000 after buying an additional 1,758 shares during the period. Standard Life Aberdeen plc lifted its holdings in DISH Network by 93.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 84,840 shares of the company’s stock worth $2,852,000 after buying an additional 41,045 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of DISH Network by 3.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock valued at $114,542,000 after purchasing an additional 112,586 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of DISH Network in the 2nd quarter valued at about $1,482,000. Finally, Swiss National Bank lifted its stake in shares of DISH Network by 3.6% in the 2nd quarter. Swiss National Bank now owns 754,009 shares of the company’s stock valued at $25,342,000 after purchasing an additional 26,100 shares during the period. 47.73% of the stock is currently owned by hedge funds and other institutional investors.
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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