DISH Network Co. (NASDAQ:DISH) Expected to Announce Quarterly Sales of $4.47 Billion

Analysts expect DISH Network Co. (NASDAQ:DISH) to announce $4.47 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for DISH Network’s earnings, with the highest sales estimate coming in at $4.59 billion and the lowest estimate coming in at $4.36 billion. DISH Network posted sales of $3.19 billion during the same quarter last year, which suggests a positive year over year growth rate of 40.1%. The business is expected to issue its next quarterly earnings report on Friday, August 6th.

On average, analysts expect that DISH Network will report full-year sales of $17.84 billion for the current financial year, with estimates ranging from $17.62 billion to $18.29 billion. For the next year, analysts anticipate that the business will report sales of $17.72 billion, with estimates ranging from $17.08 billion to $20.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow DISH Network.

DISH Network (NASDAQ:DISH) last posted its earnings results on Thursday, April 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.52 billion. DISH Network had a return on equity of 17.74% and a net margin of 13.83%.

DISH has been the subject of several analyst reports. Morgan Stanley boosted their target price on DISH Network from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, May 3rd. Benchmark initiated coverage on DISH Network in a research report on Friday, May 21st. They set a “buy” rating and a $62.00 target price for the company. HSBC boosted their price objective on DISH Network from $26.00 to $40.00 and gave the company a “reduce” rating in a research report on Monday, May 24th. They noted that the move was a valuation call. Truist boosted their price objective on DISH Network from $32.00 to $40.00 in a research report on Monday, May 3rd. Finally, Pivotal Research boosted their price objective on DISH Network from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, May 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DISH Network presently has a consensus rating of “Hold” and an average price target of $45.58.

In other DISH Network news, EVP Timothy A. Messner sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $45.00, for a total transaction of $144,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 13,600 shares of company stock valued at $589,044. Insiders own 54.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Advisor Partners LLC raised its stake in shares of DISH Network by 3.5% during the 1st quarter. Advisor Partners LLC now owns 18,916 shares of the company’s stock worth $685,000 after purchasing an additional 644 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of DISH Network during the 1st quarter worth approximately $9,037,000. Cove Street Capital LLC bought a new stake in shares of DISH Network during the 1st quarter worth approximately $2,501,000. Pendal Group Limited bought a new stake in shares of DISH Network during the 1st quarter worth approximately $458,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of DISH Network during the 1st quarter worth approximately $566,000. Institutional investors own 46.85% of the company’s stock.

Shares of DISH Network stock traded down $0.38 during trading on Friday, hitting $40.06. 3,041,338 shares of the company were exchanged, compared to its average volume of 4,252,788. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 5.80 and a beta of 2.16. DISH Network has a 1-year low of $24.51 and a 1-year high of $47.05. The stock has a fifty day moving average price of $42.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.12 and a quick ratio of 1.06.

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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Earnings History and Estimates for DISH Network (NASDAQ:DISH)

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