DISH Network Corp (NASDAQ:DISH) EVP Jeffrey L. Mcschooler sold 1,787 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.34, for a total transaction of $63,152.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ:DISH opened at $34.17 on Monday. The company’s 50 day moving average price is $34.95 and its 200-day moving average price is $35.63. DISH Network Corp has a 52 week low of $23.22 and a 52 week high of $44.65. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 13.40 and a beta of 1.34.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.07. DISH Network had a net margin of 10.47% and a return on equity of 14.55%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DISH Network Corp will post 2.5 earnings per share for the current year.
A number of equities analysts have weighed in on DISH shares. BidaskClub raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. ValuEngine raised shares of DISH Network from a “strong sell” rating to a “sell” rating in a research note on Monday, October 21st. Cfra raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Sanford C. Bernstein started coverage on shares of DISH Network in a research note on Tuesday, October 15th. They set an “underperform” rating and a $29.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of DISH Network from $29.00 to $28.88 and set an “equal weight” rating for the company in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.17.
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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