DISH Network Co. (NASDAQ:DISH) Expected to Announce Earnings of $0.69 Per Share

Analysts expect DISH Network Co. (NASDAQ:DISH) to report $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for DISH Network’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.84. DISH Network posted earnings per share of $0.13 in the same quarter last year, which would indicate a positive year-over-year growth rate of 430.8%. The business is scheduled to announce its next quarterly earnings report on Monday, February 22nd.

According to Zacks, analysts expect that DISH Network will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $1.73 to $3.43. For the next financial year, analysts anticipate that the company will report earnings of $1.93 per share, with EPS estimates ranging from ($0.47) to $3.26. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Sunday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.49. DISH Network had a net margin of 10.01% and a return on equity of 11.81%. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 40.7% on a year-over-year basis.

DISH has been the topic of several research analyst reports. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research note on Tuesday. Pivotal Research downgraded shares of DISH Network from a “buy” rating to a “hold” rating and lowered their target price for the company from $42.00 to $34.00 in a report on Tuesday. Guggenheim downgraded shares of DISH Network from a “buy” rating to a “neutral” rating in a report on Friday, December 4th. Cowen restated a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. Finally, TheStreet upgraded shares of DISH Network from a “c+” rating to a “b-” rating in a research report on Thursday, December 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.

A number of hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in DISH Network by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 82,320 shares of the company’s stock worth $2,390,000 after acquiring an additional 3,627 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of DISH Network by 10.2% during the third quarter. IFM Investors Pty Ltd now owns 20,019 shares of the company’s stock worth $581,000 after purchasing an additional 1,860 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of DISH Network during the third quarter worth approximately $232,000. Louisiana State Employees Retirement System boosted its stake in DISH Network by 12.6% during the third quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $363,000 after buying an additional 1,400 shares during the last quarter. Finally, Dowling & Yahnke LLC boosted its stake in DISH Network by 3.0% during the third quarter. Dowling & Yahnke LLC now owns 13,540 shares of the company’s stock worth $393,000 after buying an additional 400 shares during the last quarter. 42.52% of the stock is currently owned by institutional investors.

Shares of NASDAQ:DISH traded down $1.83 during trading on Tuesday, reaching $30.43. The stock had a trading volume of 307,898 shares, compared to its average volume of 5,286,243. The firm’s fifty day moving average is $31.81 and its 200 day moving average is $31.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.77. DISH Network has a 52 week low of $17.09 and a 52 week high of $39.98. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 3.38 and a beta of 2.00.

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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