Analysts expect DISH Network Corp (NASDAQ:DISH) to post sales of $3.11 billion for the current quarter, according to Zacks. Eight analysts have made estimates for DISH Network’s earnings, with the lowest sales estimate coming in at $3.00 billion and the highest estimate coming in at $3.19 billion. DISH Network reported sales of $3.40 billion during the same quarter last year, which would suggest a negative year over year growth rate of 8.5%. The company is scheduled to announce its next earnings results on Wednesday, November 6th.
On average, analysts expect that DISH Network will report full-year sales of $12.54 billion for the current year, with estimates ranging from $12.20 billion to $12.74 billion. For the next year, analysts forecast that the company will report sales of $11.78 billion, with estimates ranging from $10.62 billion to $12.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for DISH Network.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. DISH Network’s revenue for the quarter was down 7.2% compared to the same quarter last year.
In other DISH Network news, Chairman Charles W. Ergen acquired 300,005 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $31.70 per share, with a total value of $9,510,158.50. Following the transaction, the chairman now owns 1,656,075 shares of the company’s stock, valued at approximately $52,497,577.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles W. Ergen acquired 100,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $30.94 per share, for a total transaction of $3,094,000.00. Following the completion of the transaction, the chairman now directly owns 1,656,075 shares in the company, valued at approximately $51,238,960.50. The disclosure for this purchase can be found here. Company insiders own 52.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in DISH Network by 146.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,701,900 shares of the company’s stock worth $42,499,000 after buying an additional 1,010,741 shares in the last quarter. Norges Bank bought a new stake in DISH Network during the fourth quarter worth about $19,316,000. Geode Capital Management LLC lifted its stake in DISH Network by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 3,272,394 shares of the company’s stock worth $81,583,000 after purchasing an additional 262,700 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in DISH Network during the first quarter worth about $301,000. Finally, Retirement Systems of Alabama lifted its stake in DISH Network by 1.1% during the first quarter. Retirement Systems of Alabama now owns 106,842 shares of the company’s stock worth $3,386,000 after purchasing an additional 1,199 shares during the last quarter. 48.23% of the stock is currently owned by institutional investors.
Shares of DISH traded down $0.68 during midday trading on Monday, reaching $31.04. The stock had a trading volume of 2,267,641 shares, compared to its average volume of 3,429,577. DISH Network has a 1-year low of $23.22 and a 1-year high of $44.65. The company’s fifty day simple moving average is $36.48 and its two-hundred day simple moving average is $34.79. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 10.35 and a beta of 1.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.63 and a quick ratio of 0.58.
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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