NASDAQ:SATSEchostar Stock Price, Forecast & News

Echostar's stock was trading at $31.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SATS shares have decreased by 7.2% and is now trading at $29.52.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echostar in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Echostar.

Echostar is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
View our earnings forecast for Echostar.

Echostar Co. (NASDAQ:SATS) issued its quarterly earnings results on Thursday, May, 7th. The communications equipment provider reported ($0.56) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by $0.31. The communications equipment provider had revenue of $465.70 million for the quarter, compared to analysts' expectations of $457.70 million. Echostar had a negative return on equity of 3.41% and a negative net margin of 6.83%. The company's quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS.
View Echostar's earnings history.

2 brokerages have issued 1-year price objectives for Echostar's shares. Their forecasts range from $36.00 to $54.00. On average, they expect Echostar's share price to reach $45.00 in the next year. This suggests a possible upside of 52.4% from the stock's current price.
View analysts' price targets for Echostar.

News headlines about SATS stock have been trending somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Echostar earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the communications equipment provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future.
View the latest news about Echostar.

Echostar saw a decrease in short interest in July. As of July 15th, there was short interest totaling 2,450,000 shares, a decrease of 8.2% from the June 30th total of 2,670,000 shares. Based on an average daily volume of 343,500 shares, the short-interest ratio is presently 7.1 days. Approximately 5.1% of the shares of the company are short sold.
View Echostar's Current Options Chain.

Some companies that are related to Echostar include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), Ciena (CIEN), F5 Networks (FFIV), Juniper Networks (JNPR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and ADTRAN (ADTN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Echostar investors own include Village Farms International (VFF), Netflix (NFLX), NVIDIA (NVDA), IBM (IBM), Sarepta Therapeutics (SRPT), Verizon Communications (VZ), WellCare Health Plans (WCG), Abbott Laboratories (ABT), Autodesk (ADSK) and Applied Materials (AMAT).

Echostar trades on the NASDAQ under the ticker symbol "SATS."

Echostar's stock is owned by many different retail and institutional investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (0.36%), Raymond James & Associates (0.34%), Assenagon Asset Management S.A. (0.17%), UBS Group AG (0.08%), Vident Investment Advisory LLC (0.05%) and Vident Investment Advisory LLC (0.05%). Company insiders that own Echostar stock include C Mike Schroeder, Michael T Dugan and Pradman P Kaul.
View institutional ownership trends for Echostar.

SATS stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Mackay Shields LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Exane Derivatives, Raymond James & Associates, Raymond James Financial Services Advisors Inc., and Arizona State Retirement System. Company insiders that have sold Echostar company stock in the last year include C Mike Schroeder, Michael T Dugan, and Pradman P Kaul.
View insider buying and selling activity for Echostar.

SATS stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., UBS Group AG, Strs Ohio, Sciencast Management LP, Envestnet Asset Management Inc., DC Investments Management LLC, Quantitative Systematic Strategies LLC, and Zurcher Kantonalbank Zurich Cantonalbank .
View insider buying and selling activity for Echostar.

Shares of SATS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SATS stock can currently be purchased for approximately $29.52.

Echostar has a market capitalization of $2.89 billion and generates $1.89 billion in revenue each year. The communications equipment provider earns $-62,920,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis. Echostar employs 2,300 workers across the globe.

The official website for Echostar is www.echostar.com.

Echostar's mailing address is 100 INVERNESS TERRACE EAST, ENGLEWOOD CO, 80112. The communications equipment provider can be reached via phone at 303-706-4000.