Brokerages expect DISH Network Corp (NASDAQ:DISH) to announce earnings per share of $0.71 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for DISH Network’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.61. DISH Network reported earnings of $0.69 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that DISH Network will report full year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.40 to $2.94. For the next financial year, analysts anticipate that the business will post earnings of $2.17 per share, with EPS estimates ranging from $1.29 to $2.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover DISH Network.

DISH Network (NASDAQ:DISH) last announced its earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.49 billion. DISH Network had a net margin of 14.75% and a return on equity of 20.48%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.

Several research analysts have commented on DISH shares. ValuEngine downgraded shares of DISH Network from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Barclays set a $38.00 price target on shares of DISH Network and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of DISH Network from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, July 10th. BidaskClub raised shares of DISH Network from a “strong sell” rating to a “sell” rating in a research note on Friday, June 8th. Finally, Cowen set a $54.00 price target on shares of DISH Network and gave the stock a “buy” rating in a research note on Monday, March 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.50.

DISH traded up $0.21 on Tuesday, reaching $33.59. The company had a trading volume of 2,120,636 shares, compared to its average volume of 3,052,774. The company has a market capitalization of $15.70 billion, a P/E ratio of 13.22, a P/E/G ratio of -6.40 and a beta of 1.16. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.74 and a quick ratio of 0.66. DISH Network has a 52-week low of $28.80 and a 52-week high of $66.50.

In related news, Chairman Charles W. Ergen purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were acquired at an average price of $29.37 per share, for a total transaction of $2,937,000.00. Following the completion of the acquisition, the chairman now directly owns 696,470 shares in the company, valued at approximately $20,455,323.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Defranco purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 4th. The stock was bought at an average price of $29.20 per share, for a total transaction of $292,000.00. The disclosure for this purchase can be found here. Insiders bought 125,000 shares of company stock worth $3,719,350 in the last 90 days. Company insiders own 49.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC boosted its holdings in DISH Network by 7.0% in the fourth quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock valued at $939,000 after acquiring an additional 1,283 shares in the last quarter. Meadow Creek Investment Management LLC boosted its holdings in DISH Network by 12.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 13,748 shares of the company’s stock valued at $657,000 after acquiring an additional 1,512 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in DISH Network by 4.6% in the second quarter. Xact Kapitalforvaltning AB now owns 34,630 shares of the company’s stock valued at $1,164,000 after acquiring an additional 1,531 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in DISH Network by 102.2% in the first quarter. NuWave Investment Management LLC now owns 3,138 shares of the company’s stock valued at $118,000 after acquiring an additional 1,586 shares in the last quarter. Finally, ING Groep NV boosted its holdings in DISH Network by 22.1% in the first quarter. ING Groep NV now owns 12,457 shares of the company’s stock valued at $472,000 after acquiring an additional 2,253 shares in the last quarter. Institutional investors and hedge funds own 47.87% of the company’s stock.

About DISH Network

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.

Featured Article: Earnings Per Share (EPS)

Get a free copy of the Zacks research report on DISH Network (DISH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DISH Network (NASDAQ:DISH)

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.