DISH Network (NASDAQ:DISH) issued its quarterly earnings results on Sunday. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.49, MarketWatch Earnings reports. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.55 billion. DISH Network had a net margin of 10.01% and a return on equity of 11.81%. The business’s quarterly revenue was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share.
DISH Network stock traded down $1.91 during mid-day trading on Tuesday, hitting $30.35. The company had a trading volume of 247,481 shares, compared to its average volume of 5,286,243. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 3.38 and a beta of 2.00. DISH Network has a 1 year low of $17.09 and a 1 year high of $39.98. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $31.81 and a 200 day moving average of $31.68.
DISH has been the topic of several research reports. Guggenheim cut shares of DISH Network from a “buy” rating to a “neutral” rating in a research report on Friday, December 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 reduced their target price on shares of DISH Network from $55.00 to $54.00 and set a “strong-buy” rating on the stock in a report on Tuesday. TheStreet raised shares of DISH Network from a “c+” rating to a “b-” rating in a report on Thursday, December 10th. Finally, Cowen reaffirmed a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. DISH Network has an average rating of “Hold” and a consensus target price of $37.00.
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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