DISH Network Co. (NASDAQ:DISH) Expected to Post Quarterly Sales of $4.47 Billion

Wall Street brokerages expect DISH Network Co. (NASDAQ:DISH) to post sales of $4.47 billion for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for DISH Network’s earnings. The lowest sales estimate is $4.36 billion and the highest is $4.59 billion. DISH Network posted sales of $3.19 billion in the same quarter last year, which would indicate a positive year over year growth rate of 40.1%. The firm is expected to report its next earnings results on Friday, August 6th.

On average, analysts expect that DISH Network will report full year sales of $17.84 billion for the current financial year, with estimates ranging from $17.62 billion to $18.29 billion. For the next financial year, analysts forecast that the firm will report sales of $17.72 billion, with estimates ranging from $17.08 billion to $20.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.16. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.52 billion. DISH Network had a net margin of 13.83% and a return on equity of 17.74%.

Several equities research analysts have commented on DISH shares. Pivotal Research upped their price target on shares of DISH Network from $34.00 to $50.00 and gave the company a “hold” rating in a report on Monday, May 3rd. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a report on Tuesday, February 23rd. Raymond James upped their price target on shares of DISH Network from $54.00 to $56.00 and gave the company a “strong-buy” rating in a report on Friday, April 30th. HSBC upped their price target on shares of DISH Network from $26.00 to $40.00 and gave the company a “reduce” rating in a report on Monday, May 24th. They noted that the move was a valuation call. Finally, Truist upped their price target on shares of DISH Network from $32.00 to $40.00 in a report on Monday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.58.

In other news, EVP Timothy A. Messner sold 3,200 shares of the stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $45.00, for a total transaction of $144,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 13,600 shares of company stock worth $589,044. Corporate insiders own 54.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tompkins Financial Corp acquired a new position in shares of DISH Network during the 4th quarter worth about $28,000. Eudaimonia Partners LLC acquired a new position in shares of DISH Network during the 4th quarter worth about $33,000. US Bancorp DE raised its position in shares of DISH Network by 80.0% during the 4th quarter. US Bancorp DE now owns 1,343 shares of the company’s stock worth $43,000 after purchasing an additional 597 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of DISH Network by 541.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,098 shares of the company’s stock worth $68,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of DISH Network by 174.3% during the 1st quarter. Captrust Financial Advisors now owns 1,882 shares of the company’s stock worth $68,000 after purchasing an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 46.85% of the company’s stock.

Shares of DISH traded down $0.38 during trading hours on Friday, reaching $40.06. 3,041,338 shares of the company traded hands, compared to its average volume of 4,252,788. The company has a market capitalization of $21.13 billion, a PE ratio of 10.40, a P/E/G ratio of 5.80 and a beta of 2.16. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 1.07. DISH Network has a 12-month low of $24.51 and a 12-month high of $47.05. The stock has a fifty day simple moving average of $42.31.

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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Earnings History and Estimates for DISH Network (NASDAQ:DISH)

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