Brokerages expect that DISH Network Corp (NASDAQ:DISH) will announce $0.69 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for DISH Network’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.68. DISH Network also posted earnings per share of $0.69 in the same quarter last year. The company is expected to report its next earnings report on Thursday, November 8th.

On average, analysts expect that DISH Network will report full year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.99. For the next fiscal year, analysts anticipate that the company will post earnings of $2.35 per share, with EPS estimates ranging from $1.09 to $2.90. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for DISH Network.

DISH Network (NASDAQ:DISH) last posted its earnings results on Friday, August 3rd. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.44 billion. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS.

A number of research analysts have weighed in on DISH shares. Zacks Investment Research raised DISH Network from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Wednesday, August 29th. Cowen reissued a “buy” rating and set a $60.00 price objective on shares of DISH Network in a report on Monday, August 6th. Pivotal Research reissued a “buy” rating and set a $40.00 price objective on shares of DISH Network in a report on Monday, August 6th. Moffett Nathanson lowered DISH Network from a “neutral” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Monday, August 13th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $50.00 price objective on shares of DISH Network in a report on Monday, August 6th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.75.

DISH stock traded down $1.09 during mid-day trading on Monday, reaching $35.42. 3,557,100 shares of the company traded hands, compared to its average volume of 2,878,123. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $17.07 billion, a PE ratio of 13.94 and a beta of 1.20. DISH Network has a 52-week low of $28.80 and a 52-week high of $54.77.

In other DISH Network news, EVP James Defranco acquired 5,000 shares of the business’s stock in a transaction dated Thursday, June 28th. The stock was bought at an average price of $32.99 per share, with a total value of $164,950.00. Following the completion of the acquisition, the executive vice president now owns 1,153,529 shares of the company’s stock, valued at $38,054,921.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 55,000 shares of company stock valued at $1,758,050 in the last three months. 49.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Exane Derivatives lifted its position in DISH Network by 112.8% in the 2nd quarter. Exane Derivatives now owns 20,273 shares of the company’s stock worth $681,000 after buying an additional 10,748 shares during the last quarter. Trexquant Investment LP lifted its position in DISH Network by 140.2% in the 2nd quarter. Trexquant Investment LP now owns 131,950 shares of the company’s stock worth $4,435,000 after buying an additional 77,026 shares during the last quarter. Commonwealth Bank of Australia lifted its position in DISH Network by 7,273.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 21,456 shares of the company’s stock worth $715,000 after buying an additional 21,165 shares during the last quarter. OppenheimerFunds Inc. lifted its position in DISH Network by 1.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 517,875 shares of the company’s stock worth $17,406,000 after buying an additional 6,880 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in DISH Network by 3.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock worth $114,542,000 after buying an additional 112,586 shares during the last quarter. Institutional investors own 48.24% 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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Earnings History and Estimates for DISH Network (NASDAQ:DISH)

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