EchoStar (SATS) to Release Quarterly Earnings on Tuesday

EchoStar (NASDAQ:SATS) is set to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect EchoStar to post earnings of ($0.28) per share for the quarter.

EchoStar (NASDAQ:SATS) last posted its earnings results on Friday, August 9th. The communications equipment provider reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.39). The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. EchoStar had a negative net margin of 18.65% and a positive return on equity of 0.18%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts expect EchoStar to post $-2 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

EchoStar Trading Up 0.6 %

EchoStar stock opened at $27.33 on Thursday. EchoStar has a 12-month low of $9.53 and a 12-month high of $30.08. The stock has a market capitalization of $7.43 billion, a PE ratio of -3.16 and a beta of 0.70. The firm has a 50 day simple moving average of $24.18 and a 200-day simple moving average of $20.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.40 and a quick ratio of 0.32.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen lowered their price objective on shares of EchoStar from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Raymond James downgraded EchoStar from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. Morgan Stanley increased their price target on shares of EchoStar from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. restated an “underweight” rating and set a $12.00 price target on shares of EchoStar in a report on Monday, August 12th. Finally, UBS Group boosted their target price on EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.20.

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.