Brokerages expect that DISH Network Corp (NASDAQ:DISH) will report sales of $3.50 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for DISH Network’s earnings, with the lowest sales estimate coming in at $3.41 billion and the highest estimate coming in at $3.56 billion. DISH Network posted sales of $3.68 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The company is expected to issue its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that DISH Network will report full-year sales of $3.50 billion for the current fiscal year, with estimates ranging from $13.50 billion to $14.17 billion. For the next year, analysts forecast that the firm will post sales of $13.27 billion per share, with estimates ranging from $12.75 billion to $14.07 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow DISH Network.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.52 billion. DISH Network had a return on equity of 22.56% and a net margin of 14.59%. DISH Network’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. bought a new position in shares of DISH Network during the 4th quarter valued at about $105,000. MUFG Americas Holdings Corp lifted its holdings in shares of DISH Network by 86.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock valued at $133,000 after acquiring an additional 1,300 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of DISH Network in the 3rd quarter valued at about $154,000. Tower Research Capital LLC TRC lifted its holdings in shares of DISH Network by 249.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,355 shares of the company’s stock valued at $160,000 after acquiring an additional 2,394 shares during the last quarter. Finally, Arlington Partners LLC bought a new position in shares of DISH Network in the 4th quarter valued at about $191,000. 48.17% of the stock is owned by institutional investors and hedge funds.
Shares of DISH Network (DISH) opened at $41.35 on Tuesday. DISH Network has a 12 month low of $40.22 and a 12 month high of $66.50. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $19,290.00, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of -8.52 and a beta of 1.11.
WARNING: This news story was first reported by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2018/03/13/3-50-billion-in-sales-expected-for-dish-network-corp-dish-this-quarter.html.
About DISH Network
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.