A number of other equities research analysts have also weighed in on the stock. Raymond James upgraded shares of DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a report on Monday, August 26th. Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 25th. ValuEngine lowered shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Barclays lowered shares of DISH Network from an “equal weight” rating to an “underweight” rating and set a $31.00 price target on the stock. in a research note on Monday, July 29th. Finally, Pivotal Research reiterated a “hold” rating and set a $33.00 price target (down from $37.00) on shares of DISH Network in a research note on Monday, May 20th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.46.
Shares of DISH opened at $35.89 on Wednesday. DISH Network has a twelve month low of $23.22 and a twelve month high of $44.65. The firm’s fifty day simple moving average is $33.84 and its 200-day simple moving average is $35.07. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 11.96 and a beta of 1.39. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.
DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. DISH Network’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts predict that DISH Network will post 2.44 earnings per share for the current fiscal year.
In other DISH Network news, Chairman Charles W. Ergen acquired 100,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $30.94 per share, with a total value of $3,094,000.00. Following the transaction, the chairman now owns 1,656,075 shares of the company’s stock, valued at approximately $51,238,960.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles W. Ergen acquired 300,005 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $31.70 per share, for a total transaction of $9,510,158.50. Following the completion of the transaction, the chairman now directly owns 1,656,075 shares in the company, valued at approximately $52,497,577.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 700,005 shares of company stock worth $21,958,159 over the last three months. 52.80% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of DISH. Doyle Wealth Management purchased a new stake in shares of DISH Network in the second quarter valued at about $25,000. Global Retirement Partners LLC boosted its holdings in shares of DISH Network by 38.5% in the first quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock valued at $33,000 after acquiring an additional 292 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of DISH Network by 50.3% in the second quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after acquiring an additional 428 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of DISH Network by 4,000.0% in the second quarter. Trust Co. of Vermont now owns 2,460 shares of the company’s stock valued at $85,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of DISH Network in the second quarter valued at about $93,000. 48.09% of the stock is currently owned by institutional investors.
DISH Network Company Profile
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
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