DISH Network (DISH) to Release Earnings on Friday

DISH Network (NASDAQ:DISH – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.

DISH Network (NASDAQ:DISH – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. DISH Network had a net margin of 13.48% and a return on equity of 16.48%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm posted $1.24 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts expect DISH Network to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ DISH traded down $0.12 during trading on Wednesday, reaching $27.97. The company had a trading volume of 19,676 shares, compared to its average volume of 2,190,268. DISH Network has a 52 week low of $25.84 and a 52 week high of $47.05. The stock has a market cap of $14.80 billion, a PE ratio of 7.39, a PEG ratio of 1.79 and a beta of 1.92. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.07 and a current ratio of 1.15. The business’s 50 day moving average price is $31.17 and its 200-day moving average price is $33.18.

DISH has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of DISH Network in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of DISH Network from $71.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, February 25th. JPMorgan Chase & Co. raised shares of DISH Network from an “underweight” rating to an “overweight” rating and dropped their target price for the stock from $42.00 to $40.00 in a research note on Friday, February 25th. Cowen dropped their price target on shares of DISH Network from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. Finally, Truist Financial dropped their price target on shares of DISH Network from $40.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, February 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC grew its holdings in DISH Network by 15.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 916,244 shares of the company’s stock valued at $29,723,000 after purchasing an additional 121,704 shares during the period. California State Teachers Retirement System boosted its holdings in shares of DISH Network by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 441,294 shares of the company’s stock valued at $14,316,000 after buying an additional 8,061 shares during the period. Vident Investment Advisory LLC boosted its holdings in shares of DISH Network by 17.1% in the fourth quarter. Vident Investment Advisory LLC now owns 73,350 shares of the company’s stock valued at $2,380,000 after buying an additional 10,731 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in shares of DISH Network by 17.2% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 28,514 shares of the company’s stock valued at $925,000 after buying an additional 4,190 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of DISH Network by 19.3% in the fourth quarter. Glenmede Trust Co. NA now owns 25,357 shares of the company’s stock valued at $822,000 after buying an additional 4,106 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

DISH Network Company Profile (Get Rating)

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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