EchoStar (NASDAQ:SATS) Posts Earnings Results, Beats Expectations By $1.87 EPS

EchoStar (NASDAQ:SATS - Get Free Report) issued its quarterly earnings data on Thursday. The communications equipment provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.63) by $1.87, Zacks reports. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%.

EchoStar Trading Down 0.5 %

Shares of SATS traded down $0.16 during midday trading on Monday, hitting $31.07. The stock had a trading volume of 3,104,855 shares, compared to its average volume of 1,539,891. The business has a 50-day simple moving average of $26.53 and a two-hundred day simple moving average of $24.54. The firm has a market cap of $8.45 billion, a P/E ratio of -3.39 and a beta of 0.72. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. EchoStar has a fifty-two week low of $12.36 and a fifty-two week high of $32.46.

Analyst Upgrades and Downgrades

Several brokerages have commented on SATS. UBS Group raised their price target on shares of EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. TD Cowen lowered their target price on EchoStar from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley assumed coverage on EchoStar in a research report on Monday, December 16th. They set an "equal weight" rating and a $25.00 price target for the company. Finally, StockNews.com upgraded shares of EchoStar to a "sell" rating in a research note on Saturday, November 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $23.75.

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About EchoStar

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.