EchoStar Corporation (NASDAQ:SATS) Scheduled to Post Earnings on Wednesday
EchoStar Corporation (NASDAQ:SATS) is set to release its earnings data before the market opens on Wednesday, August 9th. Analysts expect EchoStar Corporation to post earnings of $0.12 per share for the quarter.
EchoStar Corporation (NASDAQ:SATS) last released its quarterly earnings results on Wednesday, May 10th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17. EchoStar Corporation had a net margin of 6.30% and a return on equity of 4.11%. The business had revenue of $443.20 million for the quarter, compared to analysts’ expectations of $447.17 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect EchoStar Corporation to post $0.88 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.
Shares of EchoStar Corporation (NASDAQ SATS) opened at 60.20 on Tuesday. EchoStar Corporation has a 12-month low of $36.59 and a 12-month high of $62.50. The company has a market capitalization of $5.75 billion, a PE ratio of 33.65 and a beta of 0.70. The stock has a 50 day moving average of $60.78 and a 200-day moving average of $57.30.
In related news, insider Pradman P. Kaul sold 1,447 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $57.79, for a total value of $83,622.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael T. Dugan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $62.24, for a total value of $311,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,146 shares of the company’s stock, valued at $1,876,287.04. The disclosure for this sale can be found here. Insiders sold 59,862 shares of company stock valued at $3,598,258 over the last ninety days. 73.54% of the stock is currently owned by corporate insiders.
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A number of brokerages have recently commented on SATS. Zacks Investment Research raised EchoStar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. BidaskClub downgraded EchoStar Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. EchoStar Corporation currently has a consensus rating of “Buy” and an average target price of $62.33.
About EchoStar Corporation
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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