Brokerages expect DISH Network Corp (NASDAQ:DISH) to announce sales of $3.39 billion for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for DISH Network’s earnings, with estimates ranging from $3.34 billion to $3.44 billion. DISH Network posted sales of $3.58 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The business is expected to announce 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 fiscal year, with estimates ranging from $13.51 billion to $13.79 billion. For the next year, analysts forecast that the company will report sales of $13.07 billion, with estimates ranging from $12.75 billion to $13.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for DISH Network.

DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. DISH Network had a net margin of 17.80% and a return on equity of 20.60%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the firm earned $0.09 EPS. DISH Network’s revenue for the quarter was down 4.9% on a year-over-year basis.

Several analysts have issued reports on DISH shares. Zacks Investment Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, July 10th. Pivotal Research reiterated a “buy” rating and issued a $40.00 target price on shares of DISH Network in a research note on Monday, August 6th. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of DISH Network in a research note on Monday, August 6th. Morgan Stanley increased their target price on shares of DISH Network from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Finally, BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.08.

NASDAQ DISH traded up $1.05 on Friday, hitting $32.92. The stock had a trading volume of 3,454,240 shares, compared to its average volume of 2,871,974. DISH Network has a 52-week low of $28.80 and a 52-week high of $52.53. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66. The stock has a market capitalization of $16.72 billion, a PE ratio of 12.96 and a beta of 1.21.

In related news, insider James Defranco acquired 15,000 shares of the stock in a transaction dated Monday, July 23rd. The shares were purchased at an average price of $30.99 per share, for a total transaction of $464,850.00. Following the transaction, the insider now owns 1,173,529 shares in the company, valued at approximately $36,367,663.71. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have bought 60,000 shares of company stock worth $1,958,500. Corporate insiders own 49.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in DISH Network by 15.7% in the 3rd quarter. Bank of Montreal Can now owns 253,391 shares of the company’s stock worth $9,061,000 after purchasing an additional 34,400 shares during the period. We Are One Seven LLC purchased a new position in DISH Network in the 3rd quarter worth $272,000. Denali Advisors LLC purchased a new position in DISH Network in the 3rd quarter worth $687,000. Royal London Asset Management Ltd. purchased a new position in DISH Network in the 2nd quarter worth $3,381,000. Finally, Northern Trust Corp raised its position in DISH Network by 1.7% in the 2nd quarter. Northern Trust Corp now owns 2,573,324 shares of the company’s stock worth $86,489,000 after purchasing an additional 42,083 shares during the period. Hedge funds and other institutional investors 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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Earnings History and Estimates for DISH Network (NASDAQ:DISH)

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