Echostar (NASDAQ:ECHO) Posts Earnings Results, Beats Estimates By $4.90 EPS

Echostar (NASDAQ:ECHO) released its earnings results on Tuesday. The company reported $7.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $4.90, FiscalAI reports. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $3.00 million. Echostar had a negative net margin of 38.71% and a negative return on equity of 1.28%.

Echostar Price Performance

Echostar stock traded down $3.33 during trading hours on Wednesday, hitting $98.61. 1,524,005 shares of the stock traded hands, compared to its average volume of 6,097,676. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.20 and a quick ratio of 5.12. Echostar has a 1 year low of $65.76 and a 1 year high of $147.25. The firm has a market capitalization of $28.65 billion, a PE ratio of -3.93 and a beta of 1.06. The firm’s 50 day moving average price is $91.51.

Insider Buying and Selling at Echostar

In other Echostar news, Director Stephen J. Bye sold 8,508 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $89.83, for a total value of $764,273.64. Following the sale, the director directly owned 653 shares of the company’s stock, valued at approximately $58,658.99. This trade represents a 92.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Wade sold 2,425 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $91.48, for a total transaction of $221,839.00. Following the transaction, the director owned 324 shares of the company’s stock, valued at $29,639.52. This represents a 88.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,508 shares of company stock worth $1,224,686. 54.60% of the stock is owned by corporate insiders.

Trending Headlines about Echostar

Here are the key news stories impacting Echostar this week:

• Positive Sentiment: A Boost Mobile transaction could give SpaceX a faster entry into U.S. wireless and provide EchoStar with proceeds or strategic support. Boost has more than seven million customers, making its subscriber base and distribution attractive assets. SpaceX Explores Boost Mobile Acquisition for US Wireless Push
• Positive Sentiment: EchoStar reported third-quarter EPS of $7.97, above the cited analyst consensus of $3.07. The earnings beat may support sentiment, although the reported figure should be considered alongside the company’s losses. EchoStar third-quarter earnings
• Neutral Sentiment: The reported discussions are preliminary possibilities, not a completed agreement. Whether a deal can proceed may depend on Boost’s network-leasing arrangements and the terms of any transaction. Report on SpaceX and Boost Mobile talks
• Negative Sentiment: EchoStar remains financially challenged: the company reported a negative net margin of 38.71% and negative return on equity. Its Boost business also depends on network access from established carriers, which could complicate a sale or integration with a potential competitor. Risks and strategic context for a potential deal

Analyst Ratings Changes

ECHO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $137.00 price objective on shares of Echostar in a report on Wednesday, July 15th. Morgan Stanley assumed coverage on Echostar in a research note on Monday, September 14th. They set an “overweight” rating and a $134.00 price objective on the stock. Raymond James Financial raised shares of Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 price objective for the company in a research note on Friday, July 17th. JPMorgan Chase & Co. started coverage on shares of Echostar in a report on Friday, October 16th. They issued an “overweight” rating and a $144.00 target price for the company. Finally, Citigroup reduced their price objective on shares of Echostar from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $138.56.

Echostar Company Profile

EchoStar Corporation is a global provider of satellite communications, broadband connectivity and wireless services. The company operates through businesses that serve consumers, enterprises, governments and other organizations with connectivity solutions delivered through satellite, wireless and terrestrial networks.

EchoStar’s portfolio includes Hughes, which provides satellite and managed broadband services, as well as satellite television and wireless communications businesses associated with the DISH Network combination completed in 2024.