Zacks: Analysts Expect DISH Network Co. (NASDAQ:DISH) to Post $0.86 EPS

Equities analysts expect that DISH Network Co. (NASDAQ:DISH) will report earnings per share of $0.86 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for DISH Network’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $1.02. DISH Network posted earnings of $0.78 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The business is expected to announce its next quarterly earnings results on Friday, August 6th.

According to Zacks, analysts expect that DISH Network will report full year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.75. For the next year, analysts forecast that the business will post earnings of $2.63 per share, with EPS estimates ranging from $1.07 to $3.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow DISH Network.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. DISH Network had a return on equity of 17.74% and a net margin of 13.83%. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.52 billion.

DISH has been the topic of a number of research analyst reports. Truist increased their price target on DISH Network from $32.00 to $40.00 in a research note on Monday, May 3rd. Benchmark initiated coverage on DISH Network in a research note on Friday, May 21st. They issued a “buy” rating and a $62.00 price target on the stock. Zacks Investment Research upgraded DISH Network from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research note on Tuesday, February 23rd. Pivotal Research increased their price target on DISH Network from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 3rd. Finally, HSBC increased their price target on DISH Network from $26.00 to $40.00 and gave the company a “reduce” rating in a research note on Monday, May 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.58.

Shares of DISH Network stock traded down $0.38 on Thursday, reaching $40.06. 3,041,338 shares of the company were exchanged, compared to its average volume of 4,252,788. DISH Network has a one year low of $24.51 and a one year high of $47.05. The firm has a market cap of $21.13 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 5.80 and a beta of 2.16. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average is $42.31.

In other DISH Network news, EVP Timothy A. Messner sold 3,200 shares of the stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $45.00, for a total transaction of $144,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 13,600 shares of company stock worth $589,044 in the last quarter. Company insiders own 54.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its holdings in shares of DISH Network by 2.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,603 shares of the company’s stock worth $456,000 after purchasing an additional 302 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of DISH Network by 1.7% during the 1st quarter. Norinchukin Bank The now owns 20,580 shares of the company’s stock worth $745,000 after purchasing an additional 341 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of DISH Network by 4.4% during the 1st quarter. Cigna Investments Inc. New now owns 8,900 shares of the company’s stock worth $323,000 after purchasing an additional 375 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of DISH Network by 1.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 31,986 shares of the company’s stock worth $1,158,000 after purchasing an additional 403 shares in the last quarter. Finally, Islay Capital Management LLC grew its holdings in shares of DISH Network by 14.3% during the 1st quarter. Islay Capital Management LLC now owns 3,633 shares of the company’s stock worth $132,000 after purchasing an additional 454 shares in the last quarter. 46.85% of the stock is currently owned by institutional investors.

DISH Network Company Profile

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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