EchoStar Corporation (NASDAQ:SATS) Given Coverage Optimism Rating of 0.06
Press coverage about EchoStar Corporation (NASDAQ:SATS) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. EchoStar Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.929590080127 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Echostar Corporation (SATS) Posts Q2 EPS of $0.07, Revs Beat (streetinsider.com)
- Hughes Selects Space Systems Loral To Build Next-Generation Ultra High Density Satellite (finance.yahoo.com)
- Edited Transcript of SATS earnings conference call or presentation 9-Aug-17 3:00pm GMT (finance.yahoo.com)
- EchoStar Corporation (SATS) Posts Earnings Results, Misses Estimates By $0.05 EPS (americanbankingnews.com)
- Analysts Anticipate EchoStar Corporation (NASDAQ:SATS) to Announce $0.12 Earnings Per Share (americanbankingnews.com)
EchoStar Corporation (NASDAQ SATS) opened at 56.80 on Friday. The company has a market cap of $5.43 billion, a P/E ratio of 45.77 and a beta of 0.70. EchoStar Corporation has a 52-week low of $37.06 and a 52-week high of $62.50. The company’s 50 day moving average price is $60.27 and its 200 day moving average price is $57.54.
EchoStar Corporation (NASDAQ:SATS) last posted its earnings results on Wednesday, August 9th. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by $0.05. The firm had revenue of $465.08 million during the quarter, compared to analyst estimates of $455.25 million. EchoStar Corporation had a net margin of 5.03% and a return on equity of 2.85%. EchoStar Corporation’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. Equities research analysts anticipate that EchoStar Corporation will post $0.91 EPS for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research upgraded 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 given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.33.
In related news, EVP Dean Manson sold 1,469 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $58.07, for a total transaction of $85,304.83. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael T. Dugan sold 5,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $62.24, for a total value of $311,200.00. Following the sale, the chief executive officer now directly owns 30,146 shares in the company, valued at approximately $1,876,287.04. The disclosure for this sale can be found here. Insiders have sold 59,862 shares of company stock worth $3,598,258 in the last three months. 73.54% of the stock is currently owned by company insiders.
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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