NASDAQ:SATSEchostar Stock Price, Forecast & News

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."
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Echostar is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Echostar.

Echostar Co. (NASDAQ:SATS) released its quarterly earnings data on Thursday, August, 6th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.30) by $0.18. The communications equipment provider earned $459.47 million during the quarter, compared to analyst estimates of $436.65 million. Echostar had a negative return on equity of 3.69% and a negative net margin of 7.41%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.
View Echostar's earnings history.

2 brokers have issued 1-year target prices for Echostar's stock. Their forecasts range from $36.00 to $54.00. On average, they anticipate Echostar's share price to reach $45.00 in the next twelve months.
View analysts' price targets for Echostar.

Press coverage about SATS stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Echostar earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave media coverage about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Echostar.

Echostar saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,450,000 shares, a decline of 8.2% from the July 15th total of 2,670,000 shares. Based on an average daily volume of 343,500 shares, the days-to-cover ratio is presently 7.1 days. Currently, 5.1% of the shares of the company are sold short.
View Echostar's Short Interest.

Some companies that are related to Echostar include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), Ciena (CIEN), Juniper Networks (JNPR), F5 Networks (FFIV), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and Harmonic (HLIT).
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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%), Swiss National Bank (0.11%), New York State Common Retirement Fund (0.08%) and UBS Group AG (0.08%). 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, New York State Common Retirement Fund, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Steward Partners Investment Advisory LLC, WINTON GROUP Ltd, and Exane Derivatives. 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, Swiss National Bank, and Quantitative Systematic Strategies LLC.
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.

Echostar has a market capitalization of $0.00 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.