Equities analysts expect DISH Network Corp (NASDAQ:DISH) to post $3.14 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for DISH Network’s earnings. The highest sales estimate is $3.21 billion and the lowest is $3.11 billion. DISH Network reported sales of $3.46 billion during the same quarter last year, which would suggest a negative year over year growth rate of 9.2%. The business is expected to report its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that DISH Network will report full year sales of $12.42 billion for the current fiscal year, with estimates ranging from $12.20 billion to $12.58 billion. For the next fiscal year, analysts anticipate that the company will post sales of $11.54 billion, with estimates ranging from $10.62 billion to $12.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for DISH Network.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.19 billion. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share.

A number of research firms have recently commented on DISH. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Pivotal Research reiterated a “hold” rating and issued a $33.00 price objective (down from $37.00) on shares of DISH Network in a research note on Monday, May 20th. Credit Suisse Group set a €50.00 ($58.14) price objective on Fresenius SE & Co KGaA and gave the stock a “neutral” rating in a research note on Monday, May 6th. Finally, BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.62.

In related news, Director Tom A. Ortolf acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $34.87 per share, with a total value of $348,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $348,700. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 52.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp acquired a new position in shares of DISH Network in the 1st quarter worth approximately $25,000. Global Retirement Partners LLC raised its position in DISH Network by 38.5% in the 1st quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock worth $33,000 after purchasing an additional 292 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in DISH Network in the 4th quarter worth approximately $27,000. Moody National Bank Trust Division bought a new position in DISH Network in the 1st quarter worth approximately $36,000. Finally, Acadian Asset Management LLC bought a new position in DISH Network in the 4th quarter worth approximately $30,000. 48.83% of the stock is currently owned by institutional investors.

Shares of DISH Network stock traded up $1.05 during trading on Friday, reaching $41.87. The company’s stock had a trading volume of 1,528,500 shares, compared to its average volume of 2,771,272. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a fifty day moving average price of $37.79. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 13.96 and a beta of 1.42. DISH Network has a one year low of $23.22 and a one year high of $41.97.

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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