Positive News Coverage Somewhat Unlikely to Impact EchoStar (SATS) Share Price
News headlines about EchoStar (NASDAQ:SATS) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EchoStar earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.9049531368356 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- EchoStar 105/SES-11 provides expanded Ku-band coverage of North America (financial-news.co.uk)
- EchoStar Corporation (SATS) to Post FY2017 Earnings of $1.05 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- EchoStar Stock Rising Twiggs Money Flow and Large Players Volume (guerillastocktrading.com)
- Jefferies Group Analysts Give EchoStar (SATS) a $70.00 Price Target (americanbankingnews.com)
A number of research firms recently commented on SATS. Jefferies Group set a $70.00 target price on EchoStar and gave the stock a “hold” rating in a report on Friday, December 1st. TheStreet downgraded EchoStar from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Finally, Zacks Investment Research raised EchoStar from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.33.
Shares of EchoStar (NASDAQ:SATS) traded down $0.63 during trading hours on Wednesday, reaching $58.17. The company’s stock had a trading volume of 97,851 shares, compared to its average volume of 163,486. EchoStar has a one year low of $49.82 and a one year high of $62.50. The firm has a market capitalization of $5,699.53, a P/E ratio of 50.89, a PEG ratio of 3.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 8.61 and a quick ratio of 8.40.
EchoStar (NASDAQ:SATS) last announced its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.37. EchoStar had a return on equity of 2.85% and a net margin of 5.55%. The company had revenue of $481.20 million during the quarter, compared to the consensus estimate of $477.33 million. During the same period in the previous year, the company posted $0.39 earnings per share. EchoStar’s revenue for the quarter was up 9.7% on a year-over-year basis. equities research analysts anticipate that EchoStar will post 0.97 EPS for the current year.
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EchoStar Company Profile
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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