Media headlines about Echostar (NASDAQ:SATS) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Echostar earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.7358313078394 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Echostar (SATS) Price Target Raised to $76.00 at Citigroup (americanbankingnews.com)
- Schwab Charles Investment Management Inc. Purchases 18,667 Shares of Echostar Co. (SATS) (americanbankingnews.com)
- With A -21.61% Earnings Drop Lately, Did EchoStar Corporation (NASDAQ:SATS) Underperform Its Industry? (finance.yahoo.com)
- Echostar (SATS) Announces Earnings Results (americanbankingnews.com)
- EchoStar declines as revenues miss, adjusted profits fall (seekingalpha.com)
Several equities research analysts have recently commented on SATS shares. Zacks Investment Research raised Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Friday, November 10th. Jefferies Group set a $70.00 price objective on Echostar and gave the company a “hold” rating in a report on Friday, December 1st. BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Finally, Citigroup increased their price objective on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Echostar currently has an average rating of “Buy” and a consensus price target of $71.00.
Echostar (NASDAQ:SATS) last released its quarterly earnings data on Thursday, February 22nd. The communications equipment provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Echostar had a net margin of 20.82% and a return on equity of 2.06%. The company had revenue of $506.05 million during the quarter, compared to analyst estimates of $508.33 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. equities analysts predict that Echostar will post 1.05 EPS for the current fiscal year.
In related news, CEO Michael T. Dugan sold 3,508 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $62.00, for a total value of $217,496.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael T. Dugan sold 1,800 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $62.11, for a total value of $111,798.00. Following the completion of the sale, the chief executive officer now owns 26,746 shares in the company, valued at approximately $1,661,194.06. The disclosure for this sale can be found here. 73.54% of the stock is currently owned by corporate insiders.
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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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