EchoStar (SATS) Scheduled to Post Earnings on Tuesday

EchoStar (NASDAQ:SATS - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect EchoStar to post earnings of ($0.28) per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

EchoStar (NASDAQ:SATS - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The communications equipment provider reported ($0.76) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.39). EchoStar had a positive return on equity of 0.18% and a negative net margin of 18.65%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm posted $0.39 EPS. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts expect EchoStar to post $-2 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

EchoStar Stock Performance

EchoStar stock traded down $1.10 during midday trading on Thursday, reaching $26.07. The stock had a trading volume of 1,390,561 shares, compared to its average volume of 1,771,500. The firm has a market capitalization of $7.08 billion, a PE ratio of -3.18 and a beta of 0.70. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.00. The firm's 50-day moving average price is $24.18 and its 200 day moving average price is $20.22. EchoStar has a 12 month low of $9.53 and a 12 month high of $30.08.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group increased their price objective on EchoStar from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $12.00 price objective on shares of EchoStar in a report on Monday, August 12th. Morgan Stanley upped their price target on shares of EchoStar from $14.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, September 13th. Raymond James downgraded shares of EchoStar from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 1st. Finally, TD Cowen reduced their target price on EchoStar from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, EchoStar currently has a consensus rating of "Hold" and a consensus price target of $24.20.

EchoStar Company Profile

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.