EchoStar - SATS Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EchoStar in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SATS shares.
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2 brokers have issued twelve-month price objectives for EchoStar's shares. Their SATS share price forecasts range from $25.00 to $27.00. On average, they predict the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 52.2% from the stock's current price.
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EchoStar's stock was trading at $26.35 at the beginning of 2022. Since then, SATS shares have decreased by 35.2% and is now trading at $17.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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EchoStar Co. (NASDAQ:SATS) announced its quarterly earnings results on Monday, November, 8th. The communications equipment provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The communications equipment provider earned $504.66 million during the quarter, compared to the consensus estimate of $496 million. EchoStar had a net margin of 2.57% and a trailing twelve-month return on equity of 2.78%. During the same period last year, the business earned $0.26 EPS.

177 employees have rated EchoStar Chief Executive Officer Michael T. Dugan on Glassdoor.com. Michael T. Dugan has an approval rating of 44% among the company's employees. This puts Michael T. Dugan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EchoStar investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology (MRVL), Cisco Systems (CSCO), Block (SQ), Intel (INTC), Corning (GLW), QUALCOMM (QCOM) and Freeport-McMoRan (FCX).

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

EchoStar's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.88%), Vanguard Group Inc. (3.85%), Dimensional Fund Advisors LP (2.51%), Renaissance Technologies LLC (2.33%), Brown Advisory Inc. (1.89%) and Epoch Investment Partners Inc. (1.41%). Insiders that own company stock include Anders N Johnson, C Mike Schroeder and R Stanton Dodge.
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Shares of SATS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SATS stock can currently be purchased for approximately $17.08.

EchoStar (NASDAQ:SATS) has a market capitalization of $1.42 billion and generates $1.99 billion in revenue each year. The communications equipment provider earns $72.88 million in net income (profit) each year or $0.61 on an earnings per share basis.

The company employs 2,500 workers across the globe.

EchoStar's mailing address is 100 INVERNESS TERRACE EAST, ENGLEWOOD CO, 80112. The official website for the company is www.echostar.com. The communications equipment provider can be reached via phone at (303) 706-4000 or via fax at 303-723-1999.