Media stories about EchoStar Corporation (NASDAQ:SATS) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EchoStar Corporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 47 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts recently issued reports on the company. BidaskClub cut EchoStar Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded EchoStar Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.33.
EchoStar Corporation (NASDAQ SATS) opened at 61.13 on Friday. The company has a market cap of $5.84 billion, a PE ratio of 34.17 and a beta of 0.70. EchoStar Corporation has a one year low of $36.59 and a one year high of $62.50. The firm’s 50-day moving average price is $60.81 and its 200-day moving average price is $57.10.
EchoStar Corporation (NASDAQ:SATS) last posted its quarterly earnings data on Wednesday, May 10th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.17 by $0.17. The firm had revenue of $443.20 million during the quarter, compared to analyst estimates of $447.17 million. EchoStar Corporation had a return on equity of 4.11% and a net margin of 6.30%. EchoStar Corporation’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, equities research analysts forecast that EchoStar Corporation will post $0.91 earnings per share for the current fiscal year.
In other EchoStar Corporation news, EVP Dean Manson sold 1,469 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $58.07, for a total transaction of $85,304.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pradman P. Kaul sold 14,999 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $58.25, for a total transaction of $873,691.75. Following the sale, the insider now owns 4,999 shares in the company, valued at $291,191.75. The disclosure for this sale can be found here. Insiders sold a total of 59,862 shares of company stock valued at $3,598,258 over the last 90 days. 73.54% of the stock is currently owned by company insiders.
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EchoStar Corporation Company Profile
EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.
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