Equities research analysts predict that Echostar Co. (NASDAQ:SATS) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Echostar’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.18. Echostar posted earnings per share of $0.40 during the same quarter last year, which suggests a negative year-over-year growth rate of 72.5%. The firm is expected to issue its next earnings results on Friday, February 23rd.

According to Zacks, analysts expect that Echostar will report full-year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $1.05. For the next year, analysts anticipate that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $0.31 to $1.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Echostar.

Echostar (NASDAQ:SATS) last posted its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.37. Echostar had a net margin of 5.55% and a return on equity of 2.85%. The firm had revenue of $481.20 million for the quarter, compared to analysts’ expectations of $477.33 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis.

A number of research firms have recently commented on SATS. BidaskClub upgraded shares of Echostar from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Jefferies Group set a $70.00 price target on shares of Echostar and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Echostar has a consensus rating of “Buy” and a consensus price target of $68.33.

In related news, CEO Michael T. Dugan sold 3,508 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $62.00, for a total value of $217,496.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael T. Dugan sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $62.11, for a total transaction of $111,798.00. Following the completion of the sale, the chief executive officer now owns 26,746 shares in the company, valued at approximately $1,661,194.06. The disclosure for this sale can be found here. Corporate insiders own 73.54% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Echostar by 2.7% in the second quarter. BlackRock Inc. now owns 1,981,989 shares of the communications equipment provider’s stock worth $120,307,000 after purchasing an additional 52,406 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Echostar by 8.4% in the third quarter. Victory Capital Management Inc. now owns 29,725 shares of the communications equipment provider’s stock worth $1,701,000 after purchasing an additional 2,312 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Echostar by 4.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 352,961 shares of the communications equipment provider’s stock worth $20,200,000 after purchasing an additional 13,867 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in Echostar in the third quarter worth approximately $515,000. Finally, Stevens Capital Management LP purchased a new stake in Echostar in the third quarter worth approximately $297,000. Institutional investors own 44.51% of the company’s stock.

Echostar (NASDAQ SATS) traded up $0.46 during trading hours on Tuesday, hitting $58.94. 185,407 shares of the stock were exchanged, compared to its average volume of 131,004. Echostar has a 1 year low of $51.54 and a 1 year high of $62.50. The company has a current ratio of 8.61, a quick ratio of 8.40 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5,600.00, a PE ratio of 50.38, a price-to-earnings-growth ratio of 3.21 and a beta of 0.74.

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About Echostar

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.

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