Equities analysts forecast that DISH Network Corp (NASDAQ:DISH) will report $3.39 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for DISH Network’s earnings, with the lowest sales estimate coming in at $3.34 billion and the highest estimate coming in at $3.44 billion. DISH Network reported sales of $3.58 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The firm is expected to report its next earnings results on Thursday, November 8th.
On average, analysts expect that DISH Network will report full year sales of $13.65 billion for the current year, with estimates ranging from $13.51 billion to $13.78 billion. For the next financial year, analysts expect that the company will post sales of $13.07 billion, with estimates ranging from $12.75 billion to $13.58 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow DISH Network.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. DISH Network’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS.
DISH traded up $1.49 during trading on Tuesday, reaching $29.52. The company had a trading volume of 168,045 shares, compared to its average volume of 3,336,405. The stock has a market capitalization of $13.21 billion, a P/E ratio of 11.60 and a beta of 1.21. DISH Network has a 12-month low of $27.54 and a 12-month high of $52.53. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.94.
In other news, insider James Defranco purchased 5,000 shares of DISH Network stock in a transaction dated Tuesday, September 25th. The stock was acquired at an average cost of $34.99 per share, for a total transaction of $174,950.00. Following the acquisition, the insider now directly owns 1,203,529 shares in the company, valued at $42,111,479.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 60,000 shares of company stock valued at $2,034,600 over the last 90 days. Corporate insiders own 49.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Signet Financial Management LLC lifted its holdings in shares of DISH Network by 188,000.0% during the 2nd quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock valued at $126,000 after buying an additional 3,760 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of DISH Network during the first quarter valued at approximately $219,000. Tower Research Capital LLC TRC increased its position in shares of DISH Network by 293.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock valued at $222,000 after acquiring an additional 4,936 shares in the last quarter. Insight 2811 Inc. bought a new stake in shares of DISH Network during the second quarter valued at approximately $233,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of DISH Network during the second quarter valued at approximately $234,000. Institutional investors and hedge funds own 48.26% of the company’s stock.
About DISH Network
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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