$4.46 Billion in Sales Expected for DISH Network Co. (NASDAQ:DISH) This Quarter


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Equities research analysts expect that DISH Network Co. (NASDAQ:DISH) will post sales of $4.46 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for DISH Network’s earnings, with the highest sales estimate coming in at $4.54 billion and the lowest estimate coming in at $4.42 billion. DISH Network posted sales of $3.22 billion during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 22nd.

On average, analysts expect that DISH Network will report full-year sales of $17.71 billion for the current financial year, with estimates ranging from $17.40 billion to $17.94 billion. For the next financial year, analysts forecast that the business will post sales of $17.38 billion, with estimates ranging from $16.60 billion to $17.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow DISH Network.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Sunday, February 21st. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.49. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.55 billion. DISH Network had a return on equity of 11.81% and a net margin of 10.01%. DISH Network’s quarterly revenue was up 40.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share.

Several research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating on shares of DISH Network in a research report on Friday, January 22nd. Guggenheim lowered DISH Network from a “buy” rating to a “neutral” rating in a research report on Friday, December 4th. Deutsche Bank Aktiengesellschaft dropped their target price on DISH Network from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 18th. Raymond James dropped their target price on DISH Network from $55.00 to $54.00 and set a “strong-buy” rating on the stock in a research report on Tuesday. Finally, TheStreet raised DISH Network from a “c+” rating to a “b-” rating in a research report on Thursday, December 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DISH Network presently has an average rating of “Hold” and a consensus target price of $37.00.

DISH stock traded down $1.83 during mid-day trading on Thursday, hitting $30.43. The stock had a trading volume of 307,898 shares, compared to its average volume of 5,286,243. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.94. DISH Network has a 1-year low of $17.09 and a 1-year high of $39.98. The company has a fifty day moving average of $31.81 and a 200 day moving average of $31.68. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 3.38 and a beta of 2.00.

Several large investors have recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its position in shares of DISH Network by 3.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 9,214 shares of the company’s stock worth $306,000 after purchasing an additional 318 shares during the last quarter. Federated Hermes Inc. lifted its holdings in DISH Network by 12.2% during the third quarter. Federated Hermes Inc. now owns 3,137 shares of the company’s stock worth $91,000 after acquiring an additional 340 shares in the last quarter. Dowling & Yahnke LLC lifted its holdings in DISH Network by 3.0% during the third quarter. Dowling & Yahnke LLC now owns 13,540 shares of the company’s stock worth $393,000 after acquiring an additional 400 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in DISH Network by 1.5% during the third quarter. CIBC Asset Management Inc now owns 30,555 shares of the company’s stock worth $887,000 after acquiring an additional 461 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in DISH Network by 5.3% during the fourth quarter. Xponance Inc. now owns 10,597 shares of the company’s stock worth $343,000 after acquiring an additional 538 shares in the last quarter. Institutional investors and hedge funds own 42.52% 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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