Headlines about Dish Network (NASDAQ:DISH) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dish Network earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.0542483238352 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Head to Head Analysis: Dish Network (DISH) vs. The Competition (americanbankingnews.com)
- Spectrum Co. President John Hane talks Dallas SFN trials and Dish’s involvement (fiercecable.com)
- Dish Network (DISH) PT Set at $55.00 by Barclays (americanbankingnews.com)
- Dish Network (DISH) Cut to “Hold” at BidaskClub (americanbankingnews.com)
- Worth Watching Stocks on the Move: DISH Network Corporation (NASDAQ: DISH) (productioninvestments.com)
A number of research analysts have issued reports on the company. Morgan Stanley cut Dish Network from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $75.00 to $55.00 in a research note on Wednesday, January 17th. Moffett Nathanson raised Dish Network from a “sell” rating to a “neutral” rating and set a $37.00 target price for the company in a research note on Friday, March 23rd. They noted that the move was a valuation call. Citigroup raised Dish Network from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised Dish Network from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, February 22nd. Finally, SunTrust Banks decreased their target price on Dish Network to $44.00 and set a “hold” rating for the company in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.97.
Shares of DISH stock traded down $0.28 on Tuesday, hitting $38.69. 2,117,057 shares of the stock were exchanged, compared to its average volume of 2,456,213. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.68 and a quick ratio of 0.61. The stock has a market capitalization of $17,973.28, a P/E ratio of 15.23, a P/E/G ratio of -7.80 and a beta of 1.13. Dish Network has a fifty-two week low of $36.00 and a fifty-two week high of $66.50.
Dish Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Dish Network had a return on equity of 22.56% and a net margin of 14.59%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. Dish Network’s revenue for the quarter was down 7.2% compared to the same quarter last year. equities analysts expect that Dish Network will post 2.47 EPS for the current year.
In related news, EVP Vivek Khemka sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $39.03, for a total transaction of $234,180.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey L. Mcschooler sold 739 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $37.66, for a total value of $27,830.74. The disclosure for this sale can be found here. Insiders have sold 7,190 shares of company stock worth $279,087 in the last quarter. 49.20% of the stock is currently owned by corporate insiders.
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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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