EchoStar (NASDAQ:SATS) Posts Quarterly Earnings Results, Beats Estimates By $1.87 EPS

EchoStar (NASDAQ:SATS) announced its quarterly earnings data on Thursday. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.63) by $1.87, Zacks reports. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion.

EchoStar Price Performance

SATS opened at $31.23 on Friday. The firm has a market capitalization of $8.49 billion, a P/E ratio of -3.41 and a beta of 0.72. The stock has a fifty day moving average of $26.36 and a 200-day moving average of $24.34. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. EchoStar has a 12-month low of $11.83 and a 12-month high of $31.59.

Analysts Set New Price Targets

SATS has been the topic of several recent research reports. Morgan Stanley assumed coverage on shares of EchoStar in a research report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price target on the stock. StockNews.com upgraded EchoStar to a “sell” rating in a report on Saturday, November 9th. UBS Group upped their target price on EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, TD Cowen dropped their price target on EchoStar from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, EchoStar currently has an average rating of “Hold” and an average target price of $23.75.

About EchoStar

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.