Echostar (NASDAQ:SATS) released its earnings results on Thursday. The communications equipment provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02, Briefing.com reports. The firm had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $554.60 million. Echostar had a return on equity of 1.71% and a net margin of 20.03%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS.
Shares of Echostar stock traded down $0.27 on Friday, reaching $37.94. 3,445,540 shares of the company were exchanged, compared to its average volume of 402,859. Echostar has a one year low of $34.74 and a one year high of $62.29. The stock has a market cap of $4.05 billion, a P/E ratio of 45.17 and a beta of 0.88. The company has a quick ratio of 2.71, a current ratio of 2.77 and a debt-to-equity ratio of 0.61.
Several equities research analysts have commented on SATS shares. BidaskClub cut Echostar from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. ValuEngine cut Echostar from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.67.
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EchoStar Corporation provides satellite service operations and video delivery solutions 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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