Echostar (SATS) Given News Sentiment Score of 0.24

Media headlines about Echostar (NASDAQ:SATS) have been trending somewhat positive recently, according to Alpha One. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Echostar earned a news sentiment score of 0.24 on Alpha One’s scale. Alpha One also assigned media headlines about the communications equipment provider an impact score of 45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:

Echostar (NASDAQ:SATS) last announced its earnings results on Wednesday, May 10th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.17. The company had revenue of $443.20 million during the quarter, compared to analyst estimates of $447.17 million. Echostar had a net margin of 6.60% and a return on equity of 5.28%. Echostar’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share.

A number of equities research analysts recently weighed in on SATS shares. Zacks Investment Research upgraded shares of Echostar from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Citigroup Inc decreased their price objective on shares of Echostar from $71.00 to $70.00 and set a “buy” rating for the company in a report on Friday, March 24th.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/2568236/echostar-sats-given-news-sentiment-score-of-0-24.html.

In other news, insider Pradman P. Kaul sold 1,447 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $57.79, for a total transaction of $83,622.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. 61.04% of the stock is currently owned by corporate insiders.

About Echostar

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.

5 Day Chart for NASDAQ:SATS

Receive News & Ratings for Echostar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echostar Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Blackberry Returns as Stock Surges Following WannaCry
Blackberry Returns as Stock Surges Following WannaCry
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
General Motors’ Maven Launches in New York City
General Motors’ Maven Launches in New York City
Hyundai and Kia Recall Ordered by South Korea Officials
Hyundai and Kia Recall Ordered by South Korea Officials


Leave a Reply

© 2006-2017 Ticker Report. Google+.