Shares of Dish Network Corp. (DISH) gained 1.72% to $79.15 in early trading after the company reported results for the fourth quarter. The firm handed in earnings of $0.89 per share on revenue of $3.64 billion. The Street was expecting EPS of $0.43 on revenues of $3.70 billion.
For the full year, the satellite TV broadcaster reported revs of $14.6 billion compared to $13.9 billion in 2013, an increase of 5.3%. DISH said it added 141K net broadband subscribers in FY 2014, bringing its total broadband subscriber base to 577K compared to approximately 436K at the close of FY 2013.
In other Dish news this morning, founder Charlie Ergen will return as CEO of the company.
On valuation measures, DISH Network Corp. shares, which currently have an average 3-month trading volume of 2.08 million shares, trade at a trailing-12 P/E of 44.43, a forward P/E of 45.62 and a P/E to growth ratio of 8.14. The median Wall Street price target on the name is $76.50 with a high target of $107.00. Currently ticker boasts 11 ‘Buy’ endorsements, compared to 11 ‘Holds’ and 2 ‘Sell’.
Profitability-wise, DISH has a t-12 profit and operating margin of 5.67% and 12.24%, respectively. The $36.51 billion market cap company reported $9.27 billion in cash vs. $13.37 billion in debt in its most recent quarter.
DISH currently prints a one year return of about 37.30% and a year-to-date return of around 7.50%.
The chart below shows where the equity has traded over the last 52 weeks.
DISH Network Corp. provides pay-television services in the United States. The company was founded in 1980 and is headquartered in Englewood, Colorado.