DISH Network (NASDAQ:DISH) released its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07, Briefing.com reports. DISH Network had a net margin of 10.47% and a return on equity of 14.55%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue was down 6.6% compared to the same quarter last year.
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NASDAQ DISH traded up $0.29 during trading hours on Friday, reaching $35.95. 1,605,800 shares of the company’s stock were exchanged, compared to its average volume of 1,823,685. DISH Network has a one year low of $23.22 and a one year high of $44.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.53 and a current ratio of 0.60. The company’s 50-day moving average is $34.34 and its two-hundred day moving average is $35.57. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 11.98 and a beta of 1.41.
DISH has been the topic of a number of research reports. Raymond James upgraded shares of DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Monday, August 26th. UBS Group increased their price target on shares of DISH Network from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Sanford C. Bernstein started coverage on shares of DISH Network in a research report on Tuesday, October 15th. They issued an “underperform” rating and a $29.00 price target on the stock. BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Moffett Nathanson downgraded shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.08.
In other DISH Network news, insider James Defranco purchased 300,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $31.18 per share, with a total value of $9,354,000.00. Following the acquisition, the insider now directly owns 1,528,529 shares of the company’s stock, valued at approximately $47,659,534.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 52.80% of the company’s stock.
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.