NASDAQ:SATSEchostar Stock Price, Forecast & News

Echostar's stock was trading at $31.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SATS stock has decreased by 6.1% and is now trading at $29.85. View which stocks have been most impacted by Coronavirus.

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) released its quarterly earnings results on Thursday, May, 7th. The communications equipment provider reported ($0.56) EPS for the quarter, missing the Zacks' 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 net margin of 6.83% and a negative return on equity of 3.41%. The firm's revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. View Echostar's earnings history.

2 brokerages have issued 1 year price objectives for Echostar's stock. Their forecasts range from $36.00 to $54.00. On average, they anticipate Echostar's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price. View analysts' price targets for Echostar.

News headlines about SATS stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. 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 daily sentiment score of -4.5 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutEchostar.

Echostar saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,280,000 shares, a drop of 24.8% from the April 30th total of 3,030,000 shares. Based on an average trading volume of 573,700 shares, the days-to-cover ratio is currently 4.0 days. Approximately 4.8% of the shares of the stock 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), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Calix (CALX), Plantronics (PLT), Ribbon Communications (RBBN) and Harmonic (HLIT). View all competitors.

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 EdgePoint Investment Group Inc. (5.76%), BlackRock Inc. (2.28%), CDAM UK Ltd (1.59%), Park West Asset Management LLC (1.45%), State Street Corp (0.91%) and Gabelli Funds LLC (0.77%). Company insiders that own Echostar stock include Anthony M Federico, 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, Virginia National Bank, Gamco Investors INC. ET AL, Two Sigma Advisers LP, KBC Group NV, BNP Paribas Arbitrage SA, WINTON GROUP Ltd, and Invesco Ltd.. 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 bought by a variety of institutional investors in the last quarter, including Park West Asset Management LLC, State Street Corp, Deutsche Bank AG, AQR Capital Management LLC, Thrivent Financial for Lutherans, Legal & General Group Plc, Chicago Equity Partners LLC, and Raymond James & Associates. 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 $29.85.

Echostar has a market capitalization of $2.92 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.