Analysts predict that DISH Network Corp (NASDAQ:DISH) will post sales of $3.43 billion for the current quarter, according to Zacks. Ten analysts have issued estimates for DISH Network’s earnings, with estimates ranging from $3.39 billion to $3.46 billion. DISH Network reported sales of $3.64 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The company is expected to announce its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that DISH Network will report full-year sales of $13.65 billion for the current year, with estimates ranging from $13.51 billion to $13.78 billion. For the next fiscal year, analysts anticipate that the company will report sales of $13.09 billion per share, with estimates ranging from $12.75 billion to $13.58 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow DISH Network.

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

Several equities research analysts have weighed in on the company. Pivotal Research restated a “buy” rating and set a $40.00 target price on shares of DISH Network in a research note on Monday, August 6th. Barclays set a $38.00 target price on DISH Network and gave the stock a “buy” rating in a research report on Wednesday, May 9th. BidaskClub raised DISH Network from a “strong sell” rating to a “sell” rating in a research report on Friday, June 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $50.00 target price on shares of DISH Network in a research report on Monday, August 6th. Finally, Goldman Sachs Group lowered DISH Network from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $39.00 in a research report on Thursday, June 21st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.18.

NASDAQ DISH traded down $0.14 on Thursday, hitting $35.13. 2,874,115 shares of the company’s stock were exchanged, compared to its average volume of 2,917,626. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66. DISH Network has a 52 week low of $28.80 and a 52 week high of $59.90. The stock has a market capitalization of $16.44 billion, a PE ratio of 13.83, a PEG ratio of -6.52 and a beta of 1.10.

In other DISH Network news, Chairman Charles W. Ergen purchased 100,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was purchased at an average cost of $29.37 per share, for a total transaction of $2,937,000.00. Following the acquisition, the chairman now owns 696,470 shares in the company, valued at approximately $20,455,323.90. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Defranco purchased 5,000 shares of the firm’s stock in a transaction on Monday, June 11th. The shares were acquired at an average price of $32.09 per share, with a total value of $160,450.00. Following the completion of the acquisition, the insider now owns 1,148,529 shares in the company, valued at approximately $36,856,295.61. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 165,000 shares of company stock valued at $4,972,550. Company insiders own 49.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. NuWave Investment Management LLC grew its stake in shares of DISH Network by 102.2% in the 1st quarter. NuWave Investment Management LLC now owns 3,138 shares of the company’s stock valued at $118,000 after buying an additional 1,586 shares during the period. Signet Financial Management LLC grew its stake in shares of DISH Network by 188,000.0% in the 2nd quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock valued at $126,000 after buying an additional 3,760 shares during the period. Point72 Asia Hong Kong Ltd grew its stake in shares of DISH Network by 2,135.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,521 shares of the company’s stock valued at $209,000 after buying an additional 5,274 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of DISH Network in the 1st quarter valued at about $219,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of DISH Network by 293.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock valued at $222,000 after buying an additional 4,936 shares during the period. Hedge funds and other institutional investors own 47.90% 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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