Insider Selling: Echostar Co. (SATS) Director Sells 5,000 Shares of Stock
Echostar Co. (NASDAQ:SATS) Director Tom A. Ortolf sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.71, for a total value of $298,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Echostar Co. (SATS) opened at $57.03 on Friday. Echostar Co. has a 12-month low of $51.54 and a 12-month high of $62.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.78 and a current ratio of 8.98. The firm has a market capitalization of $5,420.96, a PE ratio of 66.62, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76.
Echostar (NASDAQ:SATS) last released its quarterly earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Echostar had a net margin of 20.82% and a return on equity of 2.06%. The firm had revenue of $506.05 million for the quarter, compared to analysts’ expectations of $508.33 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts forecast that Echostar Co. will post 0.98 EPS for the current fiscal year.
A number of equities research analysts have weighed in on SATS shares. TheStreet upgraded Echostar from a “c+” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research upgraded Echostar from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday. Citigroup raised their price target on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Jefferies Group set a $70.00 price target on Echostar and gave the company a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.00.
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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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