Dish Network Corp. Reports 91% Retreat In Q2 Profit

Lloyd Doyle
August 4, 2017

The firm owned 21,942 shares of the company's stock after selling 2,870 shares during the period. Elkfork Partners LLC bought a new position in DISH Network Corporation during the first quarter valued at about $110,000. Gateway Investment Advisers LLC raised its position in DISH Network Corporation by 3.0% in the second quarter.

Looking at the chart above, DISH's low point in its 52 week range is $48.51 per share, with $66.50 as the 52 week high point - that compares with a last trade of $61.11. Bank of Montreal Can raised its stake in DISH Network Corporation by 7.9% in the first quarter. Capstone Asset Management Co. raised its stake in DISH Network Corporation by 235.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company's stock worth $107,000 after buying an additional 233 shares during the period.

Shares of DISH Network Corporation (DISH) traded down 4.52% on Thursday, hitting $61.11. The company's stock had a trading volume of 2,540,983 shares. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 20.72 and a beta of 0.96. After a recent look, shares have been seen 3.25% from the 200-day moving average, and 3.49% from the 50-day moving average.

DISH Network Corporation (NASDAQ:DISH) last released its earnings results on Thursday, August 3rd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.09. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. Now DISH Network Corporation's current price is $111 shy of the official highest sell-side analyst price target on Wall Street. In the first six months of 2017, net income attributable to DISH Network totaled $416 million, compared with $824 million during the same period past year. During the same period a year ago, the company posted $0.88 EPS. Equities analysts forecast that DISH Network Corporation will post $2.71 earnings per share for the current year. Louisiana State Employees Retirement System purchased a new position in shares of DISH Network Corporation during the first quarter valued at about $883,000.

Several other analysts also recently issued reports on the stock. (The) decreased their target price on shares of DISH Network Corporation from $84.00 to $83.00 and set a "buy" rating on the stock in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. Pivotal Research downgraded shares of DISH Network Corporation from a buy rating to a hold rating and lowered their price objective for the company from $86.00 to $70.00 in a research report on Monday, May 1st. Wells Fargo & Company reaffirmed an "outperform" rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th.


There are 3 sell ratings, 5 hold ratings, 8 buy ratings on the stock. The analysts, on average, are forecasting a $77.78 price target, but the stock is already up 31.93% from its recent lows.

On 6/5/2017 R Stanton Dodge, EVP, sold 1,000 with an average share price of $66.20 per share and the total transaction amounting to $66,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 49.30% of the company's stock.

DISH includes all of its Sling TV subscribers in the company's total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below.

The company closed the second quarter with 13.332 million Pay-TV subscribers, compared to 13.593 million Pay-TV subscribers at the end of second quarter 2016.

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