EchoStar (NASDAQ:SATS - Get Free Report) issued its quarterly earnings data on Thursday. The communications equipment provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of ($0.63) by $1.87, Zacks reports. The business had revenue of $3.97 billion for the quarter, compared to analysts' expectations of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%.
EchoStar Price Performance
Shares of SATS stock traded down $0.16 on Monday, reaching $31.07. 3,104,855 shares of the company were exchanged, compared to its average volume of 1,539,891. EchoStar has a 1 year low of $12.36 and a 1 year high of $32.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The business has a 50-day moving average price of $26.53 and a 200 day moving average price of $24.54. The company has a market cap of $8.45 billion, a price-to-earnings ratio of -3.39 and a beta of 0.72.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of EchoStar from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. UBS Group increased their target price on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. StockNews.com upgraded EchoStar to a "sell" rating in a research note on Saturday, November 9th. Finally, Morgan Stanley assumed coverage on EchoStar in a report on Monday, December 16th. They issued an "equal weight" rating and a $25.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $23.75.
Read Our Latest Stock Report on SATS
About EchoStar
(
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EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.
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