Echostar (SATS) Getting Somewhat Favorable Press Coverage, Study Shows

Press coverage about Echostar (NASDAQ:SATS) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern 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 impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.6344796410045 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Echostar stock opened at $53.60 on Friday. The company has a quick ratio of 8.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $5,289.98, a P/E ratio of 13.17, a P/E/G ratio of 3.03 and a beta of 0.76. Echostar has a fifty-two week low of $52.11 and a fifty-two week high of $62.50.

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Echostar (NASDAQ:SATS) last announced its quarterly earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The business had revenue of $506.05 million during the quarter, compared to analyst estimates of $508.33 million. Echostar had a net margin of 20.82% and a return on equity of 2.06%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. equities analysts anticipate that Echostar will post 0.98 EPS for the current fiscal year.

SATS has been the subject of a number of analyst reports. Citigroup boosted their price objective on Echostar from $71.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research raised Echostar from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, February 27th. TheStreet raised Echostar from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Jefferies Group set a $70.00 price objective on Echostar and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Echostar presently has a consensus rating of “Hold” and an average target price of $71.00.

In related news, CFO David Rayner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $58.76, for a total value of $235,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael T. Dugan sold 1,800 shares of the stock in a transaction that occurred 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 directly owns 26,746 shares of the company’s stock, valued at $1,661,194.06. The disclosure for this sale can be found here. Insiders sold 18,381 shares of company stock valued at $1,105,920 over the last ninety days. 73.54% of the stock is currently owned by corporate insiders.

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Echostar Company Profile

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.

Insider Buying and Selling by Quarter for Echostar (NASDAQ:SATS)

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