Equities analysts expect that DISH Network Co. (NASDAQ:DISH) will post $0.85 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for DISH Network’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.77. DISH Network reported earnings per share of $0.78 in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The business is expected to issue its next quarterly earnings report on Friday, August 6th.

According to Zacks, analysts expect that DISH Network will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.39. For the next year, analysts anticipate that the company will report earnings of $2.53 per share, with EPS estimates ranging from $1.07 to $3.46. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for DISH Network.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Thursday, April 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.83 by $0.16. DISH Network had a return on equity of 11.81% and a net margin of 10.01%.

Several analysts have issued reports on the company. Zacks Investment Research upgraded DISH Network from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a research note on Tuesday, February 23rd. Cowen restated a “buy” rating on shares of DISH Network in a research note on Friday, January 22nd. Truist upped their price objective on DISH Network from $32.00 to $40.00 in a research note on Monday. Raymond James upped their price objective on DISH Network from $54.00 to $56.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, Morgan Stanley upped their price objective on DISH Network from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. DISH Network currently has a consensus rating of “Hold” and an average target price of $42.45.

In other DISH Network news, EVP Timothy A. Messner sold 10,000 shares of the firm’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $43.00, for a total value of $430,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 13,600 shares of company stock worth $589,044. 53.50% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of DISH Network by 5.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 86,176 shares of the company’s stock valued at $3,120,000 after purchasing an additional 4,474 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of DISH Network during the 1st quarter valued at $355,000. Victory Capital Management Inc. boosted its holdings in shares of DISH Network by 14.7% during the 1st quarter. Victory Capital Management Inc. now owns 140,070 shares of the company’s stock valued at $5,071,000 after acquiring an additional 17,967 shares in the last quarter. Symmetry Partners LLC acquired a new stake in shares of DISH Network during the 1st quarter valued at $205,000. Finally, Daiwa Securities Group Inc. boosted 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 valued at $456,000 after acquiring an additional 302 shares in the last quarter. 42.52% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DISH traded up $1.52 on Tuesday, hitting $45.97. The company’s stock had a trading volume of 4,510,842 shares, compared to its average volume of 4,610,273. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average of $38.61 and a two-hundred day moving average of $33.52. The firm has a market capitalization of $24.19 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 3.38 and a beta of 2.00. DISH Network has a one year low of $22.53 and a one year high of $46.15.

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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