NASDAQ:SATSEchostar Stock Price, Forecast & News

Echostar's stock was trading at $31.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SATS stock has decreased by 20.8% and is now trading at $25.19. 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) posted its earnings results on Thursday, May, 7th. The communications equipment provider reported ($0.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. View Echostar's earnings history.

2 brokers have issued 1 year price objectives for Echostar's stock. Their forecasts range from $36.00 to $54.00. On average, they expect Echostar's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 78.6% from the stock's current price. View analysts' price targets for Echostar.

Press coverage about SATS stock has been trending very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -3.2 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Echostar.

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), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and ADTRAN (ADTN). 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 a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.01%) and Exane Derivatives (0.00%). 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 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 Envestnet Asset Management Inc.. 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 $25.19.

Echostar has a market capitalization of $2.47 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.