EchoStar (SATS) Expected to Announce Quarterly Earnings on Thursday

EchoStar (NASDAQ:SATS) is expected to announce its 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. Investors that are interested in registering for the company’s conference call can do so using this link.

EchoStar Stock Down 2.0 %

SATS opened at $29.57 on Monday. EchoStar has a one year low of $11.83 and a one year high of $30.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s fifty day moving average is $25.86 and its 200-day moving average is $24.12. The company has a market capitalization of $8.04 billion, a PE ratio of -3.23 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SATS shares. StockNews.com raised EchoStar to a “sell” rating in a research note on Saturday, November 9th. UBS Group boosted their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. TD Cowen cut their target price on EchoStar from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Morgan Stanley initiated coverage on EchoStar in a research report on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.75.

About EchoStar

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.