Shares of EchoStar Corp. (NASDAQ:SATS) have been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Analysts have set a twelve-month consensus price target of $54.00 for the company and are expecting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given EchoStar Corp. an industry rank of 174 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on SATS shares. Zacks Investment Research upgraded EchoStar Corp. from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, June 15th. Macquarie reiterated an “outperform” rating and issued a $55.00 price objective on shares of EchoStar Corp. in a research note on Friday, July 8th. TheStreet cut EchoStar Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Citigroup Inc. boosted their price objective on EchoStar Corp. from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th.
Several large investors have recently added to or reduced their stakes in SATS. Renaissance Technologies LLC boosted its stake in EchoStar Corp. by 4.9% in the first quarter. Renaissance Technologies LLC now owns 2,081,180 shares of the company’s stock valued at $92,175,000 after buying an additional 96,900 shares during the period. Geode Capital Management LLC boosted its stake in EchoStar Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 306,720 shares of the company’s stock valued at $13,584,000 after buying an additional 18,413 shares during the period. Quaker Capital Investments LLC bought a new stake in EchoStar Corp. during the first quarter valued at approximately $1,205,000. OMERS ADMINISTRATION Corp bought a new stake in EchoStar Corp. during the first quarter valued at approximately $562,000. Finally, JPMorgan Chase & Co. boosted its stake in EchoStar Corp. by 727.4% in the first quarter. JPMorgan Chase & Co. now owns 18,774 shares of the company’s stock valued at $831,000 after buying an additional 16,505 shares during the period. Institutional investors and hedge funds own 44.02% of the company’s stock.
Shares of EchoStar Corp. (NASDAQ:SATS) opened at 43.83 on Wednesday. EchoStar Corp. has a 52 week low of $30.86 and a 52 week high of $46.88. The stock’s 50 day moving average is $39.44 and its 200-day moving average is $40.12. The firm has a market cap of $4.11 billion, a PE ratio of 20.20 and a beta of 1.02.
EchoStar Corp. (NASDAQ:SATS) last posted its earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.17. The firm earned $757.60 million during the quarter, compared to analysts’ expectations of $766.99 million. EchoStar Corp. had a return on equity of 5.17% and a net margin of 6.31%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities analysts predict that EchoStar Corp. will post $1.78 EPS for the current fiscal year.
EchoStar Corp. Company Profile
EchoStar Corporation is a holding company. The Company operates through three segments: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). Its operations also include real estate and other activities. The Company’s Hughes segment provides broadband satellite technologies and services for the home and office, delivering network technologies, managed services, and solutions for consumers, enterprises and governments.
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