DISH Network Corp (NASDAQ:DISH) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.91.
A number of research analysts have weighed in on DISH shares. Credit Suisse Group set a €50.00 ($58.14) target price on Fresenius SE & Co KGaA and gave the company a “neutral” rating in a report on Monday, May 6th. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Pivotal Research reissued a “hold” rating and issued a $33.00 target price (down previously from $37.00) on shares of DISH Network in a report on Monday, May 20th.
DISH stock traded up $1.05 during trading on Friday, reaching $41.87. The stock had a trading volume of 1,528,513 shares, compared to its average volume of 2,678,740. DISH Network has a 52 week low of $23.22 and a 52 week high of $41.97. The firm’s 50 day moving average is $37.79. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 13.96 and a beta of 1.42.
DISH Network (NASDAQ:DISH) last posted its earnings results on Friday, May 3rd. The company reported $0.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.65. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. DISH Network’s revenue was down 7.8% on a year-over-year basis. Research analysts predict that DISH Network will post 2.45 EPS for the current fiscal year.
In related news, Director Tom A. Ortolf acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $34.87 per share, with a total value of $348,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $348,700. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 52.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in DISH Network by 253.7% during the 2nd quarter. CENTRAL TRUST Co now owns 7,480 shares of the company’s stock valued at $305,000 after buying an additional 5,365 shares in the last quarter. Retirement Systems of Alabama grew its holdings in DISH Network by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 107,600 shares of the company’s stock valued at $4,133,000 after buying an additional 758 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in DISH Network during the 2nd quarter valued at approximately $377,000. Crossmark Global Holdings Inc. grew its holdings in DISH Network by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,387 shares of the company’s stock valued at $1,321,000 after buying an additional 1,443 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in DISH Network by 79.0% during the 2nd quarter. DNB Asset Management AS now owns 47,838 shares of the company’s stock valued at $1,837,000 after buying an additional 21,115 shares in the last quarter. 48.83% of the stock is currently owned by hedge funds and other institutional investors.
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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