最新ニュース EchoStar (NASDAQ:SATS) 株価情報

EchoStar

Satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million us customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar has agreed to sell this business to television rival DirecTV. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.

EchoStar Corp

SATS (Ordinals) - United States Dollar

SATS Ltd

SATSUMA PHARMACEUTICALS INC COM

UBS analyst John Hodulik maintains EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) with a Neutral and raises the price target from $15 to $28.

News

Price Target

Analyst Ratings

SATS

UBS Maintains Neutral on EchoStar, Raises Price Target to $28

Microelectronics Technology Enters Strategic Partnership With EchoStar To Advance Development Of Energy-Efficient Open RAN Macro Radios With NTIA Grant

DIRECTV announced Friday it would terminate its agreement to acquire EchoStar Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) <a href="https://www.prnewswire.com/news-releases/directv-announces-termination-of-agreement-to-acquire-echostars-video-distribution-business-302313823.html" target="_blank" rel="noreferrer noopener">video distribution business, DISH DBS</a>. 
The decision follows DISH DBS noteholders&#8217; refusal to accept EchoStar&#8217;s proposed Exchange Debt Offer Terms, a critical condition for the deal to proceed. 
EchoStar stock tanked after the update.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42137930/boeing-secures-238-billion-deal-for-advanced-kc-46a-tankers" rel="noreferrer noopener">Boeing Secures $2.38 Billion US Air Force Deal for Advanced KC-46A Tankers</a>
DirecTV CEO Bill Morrow said &#8220;the proposed Exchange Terms were necessary to protect DirecTV&#8217;s balance sheet and our operational flexibility.&#8221;
DirecTV <a target="_blank" href="https://www.benzinga.com/news/24/09/41094002/echostar-stock-dives-on-directv-dish-deal-the-details" rel="noreferrer noopener">agreed to acquire</a> EchoStar&#8217;s video business for $1 and assume Dish DBS&#8217;s net debt. The companies launched an exchange offer for five Dish DBS note series totaling approximately $9.75 billion in face value.
DirecTV plans to continue investing in next-generation streaming technologies and developing new packaging options integrating live TV with direct-to-consumer platforms. The company aims to provide customers with enhanced flexibility and tailored content options that align with evolving viewer preferences.
The termination of the DISH acquisition does not impact TPG&#8217;s plan to purchase the remaining 70% stake in DirecTV from AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), which remains scheduled to close in the second half of 2025. This strategic move is expected to strengthen DirecTV&#8217;s market positioning further.
EchoStar reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41905346/echostar-q3-earnings-and-sales-falter-but-gains-ground-with-sling-tv-subscribers" rel="noreferrer noopener">third-quarter loss</a> of 52 cents per share, missing analysts&#8217; expected loss of 37 cents. Revenue came in at $3.89 billion, a 5.3%, falling short of the $3.909 billion consensus estimate.
During the quarter, net Pay-TV subscribers declined by 43,000, while Sling TV added 145,000 new users. The company closed the period with 8.03 million Pay-TV subscribers, including 5.89 million for DISH TV and 2.14 million for Sling TV.
Price Action: EchoStar&#8217;s shares are trading lower by 3% to $22.86 at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42137039/disney-takes-on-netflix-with-high-impact-originals-in-asia" target="_blank" rel="noreferrer noopener">Disney Takes on Netflix With High-Impact Originals in Asia</a></li>
</ul>
Image via DirecTV

EchoStar Shares Sink As DirecTV Terminates Acquisition Agreement

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense

Contracts

EchoStar's Hughes Lands $6.5M Contract For 5G Open RAN Development And Testing At Fort Bliss, Texas

TD Cowen analyst Gregory Williams maintains EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) with a Buy and lowers the price target from $37 to $30.

TD Cowen Maintains Buy on EchoStar, Lowers Price Target to $30

WIIM

EchoStar shares are trading lower after the company reported worse-than-expected Q3 EPS and revenue.

EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower on Tuesday.</a>
The company reported third-quarter loss per share of 52 cents, missing the<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41897936/echostar-announces-financial-results-for-the-three-and-nine-months-ended-september-30-2024" rel="noreferrer noopener"> analyst consensus loss estimate of 37 cents</a>. Quarterly sales of $3.890 billion (down 5.3% year over year) missed the street view of $3.909 billion.
In the third quarter, Net Pay-TV subscribers dropped by about 43,000, while Sling TV gained 145,000 subscribers. The company ended the quarter with 8.03 million total Pay-TV subscribers, including 5.89 million DISH TV subscribers and 2.14 million Sling TV subscribers.
&#8220;Our efforts focused on profitable customer acquisition and retention, strengthening our consumer offerings and enhancing our nationwide Open RAN 5G network,&#8221; said&nbsp;Hamid Akhavan, president and CEO, EchoStar. &#8220;In addition, we recently announced a series of transformative transactions that will disrupt the wireless and pay-TV industries.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41900813/tyson-foods-q4-earnings-revenue-and-eps-beat-beef-gains-outshine-chicken-dip-more" rel="noreferrer noopener">Tyson Foods Q4 Earnings: Revenue And EPS Beat, Beef Gains Outshine Chicken Dip &amp; More</a>
The company ended the third quarter with 912,000 Broadband Satellite subscribers, a loss of about 43,000 in the quarter, compared to 59,000 lost in the same period last year. The smaller loss was due to the launch of the new EchoStar XXIV satellite and higher demand for new service plans. However, the third quarter was affected by the end of ACP program funding on June 1.
The company exited the quarter with cash and equivalents worth $2.8 billion and inventory worth $441.68 million.
The company&#8217;s long-term debt, finance lease, and other obligations, net of the current portion as of the end of the quarter, totaled $21.557 billion.
&#8220;We secured financing to meet our November debt maturity and announced an agreement with a group of our convertible note&nbsp;holders. This last transaction provides approximately&nbsp;$5.2 billion&nbsp;in additional financing and extends payment terms for the existing convertible notes tendered,&#8221; Akhavan added.
In addition, the company recently agreed to sell its pay-TV business to DIRECTV, subject to successful <a target="_blank" href="https://www.benzinga.com//node/41094002" rel="noreferrer noopener">completion of an ongoing exchange and other closing conditions.</a>
Price Action: SATS shares are trading lower by 3.46% to $25.23 at last check Tuesday.
Photo via Shutterstock
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Earnings

Equities

Markets

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General

EchoStar Q3 Earnings And Sales Falter, But Gains Ground With Sling TV Subscribers

EchoStar Q3 2024 GAAP EPS $(0.52) Misses $(0.37) Estimate, Total Revenue $3.890B Miss $3.909B Estimate

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Earnings Scheduled For November 12, 2024

EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-11-12. Here's what investors need to know before the announcement.
Analysts estimate that EchoStar will report an earnings per share (EPS) of $-0.40. 
EchoStar bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS missed by $0.59, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at EchoStar's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.17</td>
<td>-0.14</td>
<td>-0.10</td>
<td>0.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.76</td>
<td>-0.40</td>
<td>1.21</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-17.0%</td>
<td>1.0%</td>
<td>1.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731337353_0.png" alt="eps graph" />
<h3>Market Performance of EchoStar's Stock</h3>
Shares of EchoStar were trading at $25.81 as of November 08. Over the last 52-week period, shares are up 156.15%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on EchoStar</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on EchoStar.
Analysts have given EchoStar a total of 2 ratings, with the consensus rating being Neutral. The average one-year price target is $17.5, indicating a potential 32.2% downside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of WideOpenWest, Charter Communications and Comcast, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For WideOpenWest, analysts project an Buy trajectory, with an average 1-year price target of $7.5, indicating a potential 70.94% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Charter Communications, with an average 1-year price target of $380.0, indicating a potential 1372.3% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Comcast, with an average 1-year price target of $48.56, implying a potential 88.14% upside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
In the peer analysis summary, key metrics for WideOpenWest, Charter Communications and Comcast are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>EchoStar</td>
<td>Neutral</td>
<td>-9.27%</td>
<td>$1.04B</td>
<td>-1.04%</td>
</tr>
<tr>
<td>WideOpenWest</td>
<td>Buy</td>
<td>-8.72%</td>
<td>$95.40M</td>
<td>-9.89%</td>
</tr>
<tr>
<td>Charter Communications</td>
<td>Neutral</td>
<td>1.55%</td>
<td>$5.50B</td>
<td>9.49%</td>
</tr>
<tr>
<td>Comcast</td>
<td>Buy</td>
<td>6.49%</td>
<td>$21.85B</td>
<td>4.29%</td>
</tr>
</tbody>
</table>

Key Takeaway:
EchoStar is at the bottom for Revenue Growth and Gross Profit, with negative percentages indicating a decline in these areas. However, it is at the top for Return on Equity, showing a positive performance in this metric compared to its peers.
<h3>Get to Know EchoStar Better</h3>
Satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million US customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar has agreed to sell this business to television rival DirecTV. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
<h3>EchoStar's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, EchoStar faced challenges, resulting in a decline of approximately -9.27% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -5.2%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): EchoStar's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.04%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): EchoStar's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.37%, the company may face hurdles in achieving optimal financial performance.
Debt Management: EchoStar's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.27.
<a href="https://www.benzinga.com/quote/SATS/earnings">To track all earnings releases for EchoStar visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For EchoStar

<a href="https://www.bloomberg.com/news/articles/2024-11-01/dish-bondholders-set-to-rebuff-firm-s-latest-debt-exchange-offer">https://www.bloomberg.com/news/articles/2024-11-01/dish-bondholders-set-to-rebuff-firm-s-latest-debt-exchange-offer</a>
&nbsp;
Dish Network Corp. creditors plan to reject the US satellite-television provider's revised bond-exchange offer, approval of which is needed for the company's proposed acquisition by rival DirecTV to occur.

"Dish Bondholders Set To Rebuff Firm's Latest Debt Exchange Offer; Investors Call Proposed $1.5B Loss On Swap Unworkable; They Have Previously Offered To Take A $300M Haircut" - Bloomberg News

<a href="https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/">https://spacenews.com/pentagons-commercial-satellite-internet-services-program-soars-to-13-billion/</a>
The Defense Department is increasing its projected spending on low Earth orbit (LEO) satellite internet services more than tenfold, responding to surging demand from across the military, SpaceNews has learned.
The military&#39;s Proliferated Low Earth Orbit (PLEO) Satellite-Based Services program, launched just last year with a $900 million ceiling, has been expanded to $13 billion by the Defense Information Systems Agency (DISA) and the Space Systems Command, a spokesperson confirmed.&nbsp;
The dramatic jump in funding underscores how vital high-speed satellite internet has become for military operations, as all branches clamor for the capabilities provided by services like SpaceX&#39;s Starlink. The PLEO contract also is being expanded in anticipation of Amazon&#39;s Project Kuiper entering the LEO internet market in the coming years.
The PLEO program is an Indefinite Delivery Indefinite Quantity (IDIQ) contract managed by DISA and the Space Systems Command&#39;s Commercial Satellite Communications Office. The program so far selected 20 vendors to compete for specific task orders over a five-year base period with an option for an additional five years.&nbsp;
Before this increase, the PLEO contract <a href="https://spacenews.com/space-force-to-increase-spending-on-low-earth-orbit-satellite-services/">had already spent about $660 million </a>of its original $900 million ceiling. Most of the orders have been for Starshield, the militarized version of the Starlink service.

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'DoD Is Raising Its Proliferated Low Earth Orbit Satellite-Based Services Program From An Initial $900M Ceiling To A Projected $13B' - SpaceNews

Reported Earlier, EchoStar Amends DISH Note Exchange Terms Ahead Of DIRECTV Acquisition, Enabling New Secured Notes Transfer

Roku&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>)&nbsp;is slated to report its <a href="https://www.zacks.com/stock/research/ROKU/earnings-calendar?icid=quote-stock_overview-quote_nav_tracking-zcom-left_subnav_quote_navbar-earnings_dates_announcements">third-quarter 2024</a> results on Oct. 30. 
For the third quarter of 2024, ROKU expects total net revenues of $1.01 billion, total gross profit of roughly $440 million and adjusted EBITDA of $45 million. 
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.02 billion, indicating growth of 11.52% from the figure reported in the year-ago quarter. 
The consensus mark for fiscal third-quarter loss is pegged at 35 cents per share compared with the loss of $2.33 per share in the year-ago reported figure. The earnings estimate has remained unchanged over the past 30 days. 
The company&#39;s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average earnings surprise being 24.87%.
<div class="chart_embed">
<h3>Roku, Inc. Price And EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/ROKU/price-eps-surprise?icid=chart-ROKU-price-eps-surprise"><img alt="Roku, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/82/1730123832.png" style="height:306px; width:624px" title="" /></a>
Let&#39;s see how things have shaped up for the upcoming announcement:
</div>
<h3>Factors To Consider Ahead Of Q3 Results</h3>
ROKU&#39;s third-quarter 2024 top line is expected to have benefited from increasing Streaming Households and growing viewer engagement in TVs. In the second quarter of 2024, Streaming Households increased to 83.6 million, an increase of 14% year over year. This trend is expected to have continued in the to-be-reported quarter. 
In the to-be-reported quarter, the company announced various notable partnerships, such as PEOPLE &amp; Entertainment Weekly, to stream the 76th Emmy Awards. ROKU also announced a collaboration with Sony for a streaming deal that will add NFL&#39;s series, GMFB: Overtime, to the Good Morning Football series. This is expected to have boosted ROKU&#39;s top line in the second quarter of 2024. 
ROKU&#39;s diversifying revenue streams, including Roku-billed subscriptions and premium subscriptions, and advertising activities, including traditional video streaming and unique ad products and sponsorships, are expected to have driven the top line by offsetting market-driven pricing changes. 
ROKU&#39;s efforts to increase, create and develop monetization products are expected to have driven the top line. ROKU&#39;s strategy of effectively utilizing its home screen to generate better ad revenues is expected to have been reflected in the third quarter of 2024. Platform revenues were $824 million in the second quarter of 2024, up 11% year over year. The trend is expected to have continued in the to-be-reported quarter. 
Roku&#39;s inventory supply to advertisers and increase in the number of ad units and categories are expected to have driven the top line by expanding clientele and enabling better churn for partners. 
ROKU&#39;s UID2 integration is expected to have enhanced third-party relationships and data collaboration and driven platform revenues by increasing efficiency in the third quarter of 2024. &nbsp;
<h3>Stiff Competition Headwinds For ROKU&#39;s Prospects</h3>
Intense competition from Netflix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), Disney (NYSE:DIS) owned Disney+ and EchoStar&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>) Sling Media is expected to have remained a constant headwind. 
Netflix and Disney&#39;s enhanced ad-supported tiers in streaming platforms and SATS&#39; Sling Medias&#39; new channel offering of a 4K viewing experience are expected to have hurt ROKU&#39;s active user growth in the to-be-reported quarter. 
ROKU&#39;s weak Media and Entertainment vertical and device business is expected to negatively impact third-quarter 2024 results. Lower spending from certain advertising verticals is expected to hurt the top line in the near term.
<a href="https://www.zacks.com/stock/news/2358886/roku-to-report-q3-earnings-what-s-in-store-for-roku-stock?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2358886">To read this article on Zacks.com click here.</a>

Media

NFLX

ROKU

ROKU To Report Q3 Earnings: What's In Store For ROKU Stock?

<a href="https://about.dish.com/2024-10-17-DISH-Launches-New-TV-Offer-Netflix-Included-with-Your-DISH-Subscription#:~:text=Netflix%20is%20now%20included%20with,as%20part%20of%20their%20package.">DISH Launches New TV Offer: Netflix Included with Your DISH Subscription</a>

Reported Earlier, DISH Launches New TV Offer: Netflix Included With Your DISH Subscription

Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar&#39;s Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over&nbsp;90%&nbsp;of DISH&#39;s Approximately&nbsp;$5 Billion&nbsp;of Existing Convertible Notes Satisfies Minimum Tender Condition

Reported Earlier, EchoStar Unveils Exchange Offers And Consent Solicitations For DISH Network's Convertible Senior Notes

EchoStar shares are trading higher after the company announced it will enter a partnership to deliver off-grid connectivity across Europe with its satellite-enabled IoT solutions.

Partnership Enables Satellite Coverage Across Europe, Facilitating Personal Connectivity and Addressing the Digital Divide in Remote and Off-Grid Regions

EchoStar Mobile And Connected Partner To Deliver Off-Grid Connectivity With Satellite-Enabled IoT Solution

Throughout the last three months, 4 analysts have evaluated EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $21.0, a high estimate of $37.00, and a low estimate of $12.00. This current average reflects an increase of 7.69% from the previous average price target of $19.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1727805648_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive EchoStar. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Swinburne</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$20.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>John Hodulik</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$37.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EchoStar. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EchoStar compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for EchoStar's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of EchoStar's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SATS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EchoStar analyst ratings.</a>
<h2>Get to Know EchoStar Better</h2>
Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million us customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
<h3>Key Indicators: EchoStar's Financial Health</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: EchoStar's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -9.27%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: EchoStar's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -5.2%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.04%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): EchoStar's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.37%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.27, EchoStar adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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