Several other brokerages have also weighed in on DISH. BidaskClub raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Saturday, October 12th. Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Thursday, July 25th. Sanford C. Bernstein started coverage on shares of DISH Network in a research note on Tuesday, October 15th. They set an “underperform” rating and a $29.00 target price for the company. Raymond James raised shares of DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Monday, August 26th. Finally, Barclays lowered shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 price objective for the company. in a research note on Monday, July 29th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DISH Network has a consensus rating of “Hold” and an average target price of $35.21.
DISH stock traded down $0.15 during mid-day trading on Monday, hitting $34.62. 1,217,997 shares of the company were exchanged, compared to its average volume of 2,719,866. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $16.39 billion, a P/E ratio of 11.54 and a beta of 1.40. The business has a fifty day simple moving average of $34.42 and a 200-day simple moving average of $35.50. DISH Network has a 12-month low of $23.22 and a 12-month high of $44.65.
DISH Network (NASDAQ:DISH) last announced its earnings results on Monday, July 29th. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.05). The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.14 billion. DISH Network had a return on equity of 16.24% and a net margin of 10.88%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. Research analysts predict that DISH Network will post 2.44 EPS for the current year.
In other news, insider James Defranco bought 300,000 shares of DISH Network stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $31.18 per share, with a total value of $9,354,000.00. Following the completion of the acquisition, the insider now directly owns 1,528,529 shares in the company, valued at $47,659,534.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles W. Ergen bought 300,005 shares of DISH Network stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $31.70 per share, for a total transaction of $9,510,158.50. Following the acquisition, the chairman now owns 1,656,075 shares of the company’s stock, valued at $52,497,577.50. The disclosure for this purchase can be found here. In the last three months, insiders bought 700,005 shares of company stock valued at $21,958,159. Insiders own 52.80% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Treasurer of the State of North Carolina raised its holdings in DISH Network by 0.3% in the second quarter. Treasurer of the State of North Carolina now owns 113,299 shares of the company’s stock valued at $4,352,000 after acquiring an additional 340 shares in the last quarter. Aperio Group LLC raised its holdings in DISH Network by 0.7% in the second quarter. Aperio Group LLC now owns 53,350 shares of the company’s stock valued at $2,049,000 after acquiring an additional 389 shares in the last quarter. World Asset Management Inc raised its holdings in DISH Network by 2.6% in the second quarter. World Asset Management Inc now owns 15,724 shares of the company’s stock valued at $604,000 after acquiring an additional 399 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in DISH Network by 0.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 43,041 shares of the company’s stock valued at $1,653,000 after acquiring an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in DISH Network by 50.3% in the second quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after acquiring an additional 428 shares in the last quarter. 48.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
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