EchoStar (SATS) Set to Announce Earnings on Tuesday

EchoStar (NASDAQ:SATS) is set to announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

EchoStar (NASDAQ:SATS) last issued its earnings results on Friday, August 9th. The communications equipment provider reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.39). The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. EchoStar had a positive return on equity of 0.18% and a negative net margin of 18.65%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, analysts expect EchoStar to post $-2 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

EchoStar Price Performance

Shares of SATS opened at $25.81 on Monday. The business’s 50-day moving average is $24.48 and its two-hundred day moving average is $20.41. The company has a market capitalization of $7.01 billion, a P/E ratio of -3.00 and a beta of 0.70. EchoStar has a fifty-two week low of $9.53 and a fifty-two week high of $30.08. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.32 and a current ratio of 0.40.

Analyst Ratings Changes

Several analysts recently commented on SATS shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $12.00 target price on shares of EchoStar in a report on Monday, August 12th. TD Cowen cut their target price on shares of EchoStar from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, August 12th. Morgan Stanley boosted their target price on shares of EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. StockNews.com upgraded shares of EchoStar to a “sell” rating in a research report on Saturday. Finally, UBS Group upped their price objective on shares of EchoStar from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, EchoStar has a consensus rating of “Hold” and a consensus target price of $21.00.

About EchoStar

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.