EchoStar (NASDAQ:SATS – Get Free Report) issued its quarterly earnings results on Saturday. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $0.36, FiscalAI reports. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. EchoStar had a negative net margin of 96.62% and a negative return on equity of 4.31%.
EchoStar Trading Up 2.5%
EchoStar stock traded up $3.18 during trading hours on Monday, reaching $130.33. 1,981,945 shares of the company’s stock traded hands, compared to its average volume of 6,078,124. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.38 and a current ratio of 0.42. EchoStar has a fifty-two week low of $14.90 and a fifty-two week high of $137.44. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of -2.59 and a beta of 0.95. The firm’s 50 day moving average is $118.43 and its 200-day moving average is $104.79.
Wall Street Analyst Weigh In
SATS has been the topic of several research reports. UBS Group upped their price target on shares of EchoStar from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Citigroup upped their price target on shares of EchoStar from $111.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of EchoStar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $134.17.
EchoStar News Summary
Here are the key news stories impacting EchoStar this week:
- Positive Sentiment: EchoStar reported first-quarter EPS of ($0.51), which was significantly better than the ($0.87) consensus estimate, and revenue of $3.67 billion slightly topped expectations. EchoStar Announces Financial Results for the Three Months Ended March 31 2026
- Positive Sentiment: Zacks also highlighted that the quarterly loss was smaller than expected and that revenue beat forecasts, reinforcing the view that results came in better than feared. EchoStar (SATS) Reports Q1 Loss, Beats Revenue Estimates
- Neutral Sentiment: The company’s results were still weighed down by ongoing weakness in its pay-TV business, with Reuters reporting a larger-than-expected decline in subscribers as cord-cutting continues. EchoStar loses more pay-TV subscribers than expected amid cord-cutting
- Neutral Sentiment: Despite the beat, EchoStar still posted a very large net loss margin and negative return on equity, which suggests the business remains under significant pressure. EchoStar Announces Financial Results for the Three Months Ended March 31 2026
Insider Transactions at EchoStar
In other EchoStar news, COO John Swieringa sold 50,088 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $113.58, for a total transaction of $5,688,995.04. Following the transaction, the chief operating officer directly owned 253,535 shares in the company, valued at approximately $28,796,505.30. This represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hamid Akhavan sold 71,005 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $107.52, for a total transaction of $7,634,457.60. Following the transaction, the chief executive officer owned 823,293 shares in the company, valued at approximately $88,520,463.36. The trade was a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 55.70% of the company’s stock.
Institutional Trading of EchoStar
A number of hedge funds have recently modified their holdings of the company. UniSuper Management Pty Ltd bought a new stake in EchoStar during the 4th quarter worth approximately $337,000. Shelton Capital Management bought a new stake in EchoStar during the 3rd quarter worth approximately $335,000. Janney Montgomery Scott LLC bought a new stake in EchoStar during the 4th quarter worth approximately $301,000. Sherman Porfolios LLC bought a new stake in EchoStar during the 4th quarter worth approximately $277,000. Finally, Scientech Research LLC bought a new stake in EchoStar during the 3rd quarter worth approximately $255,000. 33.62% of the stock is currently owned by institutional investors and hedge funds.
EchoStar Company Profile
EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.
In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.
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