Analysts expect DISH Network Corp (NASDAQ:DISH) to post sales of $3.19 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for DISH Network’s earnings, with the lowest sales estimate coming in at $3.13 billion and the highest estimate coming in at $3.25 billion. DISH Network reported sales of $3.46 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.8%. The business is scheduled to announce its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that DISH Network will report full year sales of $12.44 billion for the current year, with estimates ranging from $12.04 billion to $12.67 billion. For the next financial year, analysts anticipate that the company will post sales of $11.53 billion, with estimates ranging from $10.51 billion to $12.08 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last issued its earnings results on Wednesday, February 13th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03). DISH Network had a net margin of 11.56% and a return on equity of 19.71%. The company had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’s revenue was down 4.9% compared to the same quarter last year.

Several research firms have weighed in on DISH. BidaskClub upgraded DISH Network from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut DISH Network from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Royal Bank of Canada dropped their price objective on DISH Network to $33.00 and set a “market perform” rating for the company in a report on Tuesday, February 19th. HSBC cut DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Finally, SunTrust Banks dropped their price objective on DISH Network to $30.00 and set a “hold” rating for the company in a report on Thursday, February 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $37.71.

In other news, insider James Defranco bought 25,000 shares of the firm’s stock in a transaction dated Monday, January 14th. The stock was purchased at an average price of $28.01 per share, with a total value of $700,250.00. Following the transaction, the insider now owns 1,448,529 shares of the company’s stock, valued at $40,573,297.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 100,000 shares of company stock valued at $2,940,750 in the last three months. Corporate insiders own 52.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. NuWave Investment Management LLC increased its position in DISH Network by 10,570.0% during the 1st quarter. NuWave Investment Management LLC now owns 3,201 shares of the company’s stock valued at $101,000 after buying an additional 3,171 shares in the last quarter. Moody National Bank Trust Division bought a new position in DISH Network during the 1st quarter valued at approximately $36,000. We Are One Seven LLC increased its position in DISH Network by 18.1% during the 1st quarter. We Are One Seven LLC now owns 8,950 shares of the company’s stock valued at $283,000 after buying an additional 1,370 shares in the last quarter. Virginia National Bank increased its position in DISH Network by 161.4% during the 1st quarter. Virginia National Bank now owns 207,650 shares of the company’s stock valued at $6,581,000 after buying an additional 128,200 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in DISH Network by 2.4% during the 1st quarter. State of Alaska Department of Revenue now owns 47,268 shares of the company’s stock valued at $1,497,000 after buying an additional 1,122 shares in the last quarter. 48.21% of the stock is owned by hedge funds and other institutional investors.

NASDAQ DISH traded up $0.11 on Thursday, hitting $34.72. The company’s stock had a trading volume of 1,256,842 shares, compared to its average volume of 2,921,165. DISH Network has a 52-week low of $23.22 and a 52-week high of $39.50. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a market cap of $15.78 billion, a P/E ratio of 11.57 and a beta of 1.58.

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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