News stories about EchoStar Corporation (NASDAQ:SATS) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EchoStar Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.760208770993 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
EchoStar Corporation (NASDAQ:SATS) last posted its quarterly earnings results on Wednesday, August 9th. The communications equipment provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). The company had revenue of $465.08 million during the quarter, compared to analyst estimates of $455.25 million. EchoStar Corporation had a net margin of 5.03% and a return on equity of 2.87%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS.
SATS has been the subject of a number of recent research reports. TheStreet cut shares of EchoStar Corporation from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Jefferies Group LLC initiated coverage on shares of EchoStar Corporation in a research note on Friday, September 8th. They issued a “hold” rating and a $65.00 price objective for the company. Finally, BidaskClub cut shares of EchoStar Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $63.33.
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In other EchoStar Corporation news, CFO David Rayner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $58.50, for a total transaction of $292,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anders N. Johnson sold 7,128 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $58.72, for a total value of $418,556.16. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $117,440. The disclosure for this sale can be found here. 73.54% of the stock is currently owned by insiders.
About EchoStar Corporation
EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.
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