Echostar (NASDAQ:SATS) announced its earnings results on Thursday. The communications equipment provider reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.20, Briefing.com reports. The company had revenue of $472.26 million during the quarter, compared to the consensus estimate of $470.15 million. Echostar had a positive return on equity of 0.46% and a negative net margin of 4.09%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share.
SATS traded down $0.01 during trading on Friday, reaching $41.09. The stock had a trading volume of 585,100 shares, compared to its average volume of 489,080. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 108.13 and a beta of 0.81. The company has a current ratio of 6.10, a quick ratio of 5.94 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $38.49 and its two-hundred day moving average is $41.41. Echostar has a one year low of $27.29 and a one year high of $43.04.
In other Echostar news, CEO Michael T. Dugan sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 52.00% of the company’s stock.
Echostar Company Profile
EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services for home and small office customers, satellite operations, and satellite services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.
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