News headlines about Echostar (NASDAQ:SATS) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Echostar earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.3233885765034 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s analysis:

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A number of research analysts have commented on SATS shares. Jefferies Group set a $70.00 price target on Echostar and gave the company a “hold” rating in a research report on Friday, December 1st. BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Zacks Investment Research lowered Echostar from a “buy” rating to a “sell” rating in a research report on Wednesday, February 28th. Citigroup upped their price target on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, TheStreet raised Echostar from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Echostar presently has an average rating of “Hold” and an average target price of $71.00.

Echostar (NASDAQ SATS) traded up $0.15 on Wednesday, reaching $58.20. The company’s stock had a trading volume of 76,153 shares, compared to its average volume of 149,895. The company has a market cap of $5,650.31, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 3.24 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.98 and a quick ratio of 8.78. Echostar has a fifty-two week low of $52.11 and a fifty-two week high of $62.50.

Echostar (NASDAQ:SATS) last released its quarterly earnings results on Thursday, February 22nd. The communications equipment provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Echostar had a net margin of 20.82% and a return on equity of 2.06%. The business had revenue of $506.05 million for the quarter, compared to the consensus estimate of $508.33 million. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. analysts anticipate that Echostar will post 0.98 earnings per share for the current fiscal year.

In other news, CEO Michael T. Dugan sold 3,508 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $62.00, for a total value of $217,496.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Rayner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $58.76, for a total value of $235,040.00. The disclosure for this sale can be found here. Insiders sold a total of 18,381 shares of company stock valued at $1,105,920 in the last three months. Corporate insiders own 73.54% of the company’s stock.

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Echostar Company Profile

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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