EchoStar Corp Stock Upgraded (SATS)
- SATS's very impressive revenue growth greatly exceeded the industry average of 15.8%. Since the same quarter one year prior, revenues leaped by 59.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Communications Equipment industry. The net income increased by 637.5% when compared to the same quarter one year prior, rising from $17.16 million to $126.59 million.
- SATS's debt-to-equity ratio of 0.82 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 3.36 is very high and demonstrates very strong liquidity.
- ECHOSTAR CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ECHOSTAR CORP reported lower earnings of $0.03 versus $2.39 in the prior year. This year, the market expects an improvement in earnings ($0.36 versus $0.03).
-- Written by a member of TheStreet RatingsStaff
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