LONDON, March 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings briefing on DISH Network Corp. (NASDAQ: DISH). On February 23, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH to read our free earnings review on DISH Network Corporation (DISH). The company's total revenues and net income attributable to DISH improved 5.3% Y-o-Y and 17.0% Y-o-Y, respectively, during full-year FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH
Earnings Overview
During Q4 FY14, DISH's total revenues increased to $3.68 billion from $3.54 billion in Q4 FY13. The company's Q4 FY14 total revenues missed Bloomberg analysts' forecast of $3.70 billion. In Q4 FY14, DISH's operating income came in at $534.90 million compared to $450.96 million in Q4 FY13. Net income attributable to DISH was $409.93 million, or 0.88 per diluted share, in Q4 FY14 compared to $288.04 million, or $0.63 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected net income attributable to DISH of $196.14 million, or $0.41 per diluted share, in the reported quarter. Free research on DISH can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH
During FY14, DISH's total revenues were $14.64 billion compared to $13.90 billion in FY13. In FY14, the company's net total revenues slightly missed Bloomberg analysts' expectation of $14.66 billion. Furthermore, the company's subscriber-related revenue increased $730.32 million, or 5.3%, to $14.50 billion in FY14 from $13.77 billion in FY13.
For FY14, DISH's activated approximately 2.60 million gross new Pay-TV subscribers compared to approximately 2.67 million in FY13. The company ended FY14 with 13.98 million Pay-TV subscribers compared to 14.06 million at the end of FY13. Moreover, Pay-TV average monthly revenue per subscriber increased to $83.77 in FY14 versus $80.37 in FY13.
DISH added approximately 141,000 net broadband subscribers in FY14, bringing its total broadband subscriber base to approximately 577,000 compared to 436,000 at the close of FY13. During FY14, DISH activated approximately 295,000 gross new Broadband subscribers as opposed to 343,000 in FY13. Sign up and read the free analyst's notes on DISH at:
http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH
DISH's FY14 operating income stood at $1.82 billion compared to $1.35 billion in FY13. During FY14, adjusted EBITDA increased $44.03 million, or 1.6%, to $2.85 billion from $2.80 billion in FY13. The company's net income attributable to DISH for FY14 was $944.69 million, or $2.04 per diluted share, compared to $807.49 million, or $1.76 per diluted share, in FY13. Analysts from Bloomberg had expected net income attributable to DISH of $737.57 million, or $1.56 per diluted share, in FY14.
In FY14, DISH generated adjusted free cash flow of $1.19 billion compared to $1.06 billion in FY13. As of December 31, 2014, the company had cash, cash equivalents and current marketable investment securities balance of $9.24 billion.
DISH's Board of Directors had previously authorized the repurchase of up to $1.0 billion of Class A common stock, and on October 30, 2014, the board extended this authorization through and including December 31, 2015. Visit Investor-Edge and access the latest research on DISH at:
http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH
Stock Performance
On the day of the earnings release, February 23, 2015, shares of DISH ended the session at $77.39, down 1.17%. Since then, the stock has moved both ways. On the last close, Thursday, March 19, 2015, the company's shares finished at $74.38 which is 0.56% below their previous day's closing price of $74.80. The stock vacillated between $74.09 and $75.00 during the session. A total of 0.62 million shares were traded which was below their three months average volume of 1.74 million shares. Over the previous three months and past one year, the company's shares have gained 2.44% and 20.08%, respectively. However, the stock has fallen by 4.10% over the last one month. Shares in DISH are trading above their 50-day and 200-day moving averages of $74.25 and $67.54, respectively.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 13 corporate insider transactions made by six individuals. Between February 23, 2015 and March 02, 2015, a total of 223,000 shares have been purchased at an average price of $12.24 per share and for a total value of $2.73 million. During the stated period, a total of 282,726 shares, worth $22.26 million, were sold at an average price of $78.73 per share. The following are few transactions during the aforementioned period: Joseph P. Clayton, President and CEO at DISH, purchased 50,000 shares at an average price of $27.90 and disposed 109,726 shares at an average price of $77.09 per share. On February 23, 2015, Bernard (Bernie) L. Han, Executive Vice President and Chief Operating Officer at DISH, purchased 60,000 shares at an average price of $6.34 and disposed an equal number of shares at an average price of $80.00 per share. Thomas (Tom) Cullen, Executive Vice President-Corporate Development at DISH, and James (Jim) DeFranco, Co-founder, Executive Vice President, Special Advisor to the CEO at DISH, bought 50,000 shares, respectively, at an average price of $6.32. On the same day, they both sold 50,000 shares, respectively, at an average price of $80.00 per share and $79.40 per share, each. Complimentary in-depth research on DISH is available at:
http://get.Investor-Edge.com/pdf/?c=DISH%20Network&d=20-Mar-2015&s=DISH
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