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 Co. (SATS) Insider Pradman P. Kaul Sells 1,447 Shares (americanbankingnews.com)
- Edited Transcript of SATS earnings conference call or presentation 10-May-17 4:00pm GMT (finance.yahoo.com)
- Hughes Awarded Multi-Year Contract to Deliver Turnkey, Fully Managed IP Network for Global Multinational Organization (finance.yahoo.com)
- Echostar Co. (SATS) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
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.
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.
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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