Free Research Report as EchoStar’s Revenues Jumped 16%

Stock Monitor: Finisar Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 18, 2018 / If you want access to our free earnings report on EchoStar Corp. (NASDAQ: SATS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SATS. The Company reported its first quarter fiscal 2018 operating and financial results on May 10, 2018. The seller of set-top boxes and provider of satellite services to Dish Network outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Finisar Corporation (NASDAQ: FNSR), which also belongs to the Technology sector as the Company EchoStar. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, EchoStar most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SATS

Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, EchoStar's consolidated revenues were $501.8 million, reflecting a growth of 16% compared to $433.2 million in Q1 2017, driven primarily by a revenue growth of 22% in its Hughes segment. The Company's revenue numbers exceeded analysts' estimates by $9.24 million.

During Q1 2018, EchoStar's consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) were $165.7 million compared to $183.3 million in Q1 2017. The Company's results for the reported quarter included net losses on investments of $36.7 million. Excluding these net losses, EchoStar's EBITDA would have been $202.4 million.

For Q1 2018, EchoStar's consolidated net loss attributable to common stockholders was $21.6 million, or $0.22 loss per diluted share, compared to a net income of $95.9 million, or $0.41 per diluted share, in Q1 2017. The Company's earnings numbers, excluding the net losses on investments of $36.7 million, were $0.16 per diluted share in the reported quarter, and surpassed Wall Street's estimates of $0.05 per share.

Segment Results

During Q1 2018, EchoStar's Hughes segment's revenues were $400.2 million, up 22% compared to $329.3 million in Q1 2017, driven primarily by the consumer business in North America and Brazil, as well as a growth in North American and International enterprise business. The segment's EBITDA were $137 million in the reported quarter, reflecting a growth of 36% compared to the year ago same period, primarily from the revenue and margin growth. As of March 31, 2018, the Hughes segment had approximately 1,267,000 broadband subscribers.

For Q1 2018, the Company's EchoStar Satellite Services (ESS) segment's revenues fell 4% to $96.8 million compared to $100.3 million in Q1 2017, primarily due to the Echo XII lease, with DISH ending in September 2017, and a reduced capacity on Echo X. The segment's EBITDA were up marginally by 1% to $84.2 million in Q1 2018 compared to $83.1 million in Q1 2017, driven by the AMC-15 lease termination in December 2017.

Cash Matters

As of March 31, 2018, EchoStar's cash, cash equivalents, and current marketable investment securities were $3.3 billion. The Company's capital expenditure were $51 million in the reported quarter compared to $90 million in the year earlier corresponding quarter, with the decline attributed to the completion of the build and launch of EchoStar's satellites during 2017 and the reimbursement of certain costs related to Echo 105.

At the end of Q1 2018, EchoStar had less than $100 million of net debt, exclusive of capital leases.

Stock Performance Snapshot

June 15, 2018 - At Friday's closing bell, EchoStar's stock dropped 1.03%, ending the trading session at $46.27.

Volume traded for the day: 611.75 thousand shares, which was above the 3-month average volume of 278.30 thousand shares.

After last Friday's close, EchoStar's market cap was at $4.55 billion.

Price to Earnings (P/E) ratio was at 162.35.

The stock is part of the Technology sector, categorized under the Communication Equipment industry.

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