EchoStar (SATS) Expected to Announce Quarterly Earnings on Thursday

EchoStar (NASDAQ:SATS) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.63) per share and revenue of $3.93 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

EchoStar Stock Down 1.9 %

Shares of NASDAQ SATS opened at $29.00 on Tuesday. The business has a 50-day moving average of $25.97 and a 200-day moving average of $24.18. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of -3.17 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 12 month low of $11.83 and a 12 month high of $30.55.

Wall Street Analysts Forecast Growth

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

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.