Latest news with #Petti
Yahoo
21-05-2025
- Business
- Yahoo
EchoStar's Wireless Subscriber Growth Comes At A Cost, Says Analyst
JP Morgan analyst Sebastiano C Petti expressed views on EchoStar Corporation (NASDAQ:SATS) earnings reported on May 9. The company reported a loss of 71 cents per share, missing the analyst consensus estimate of 69 cents loss and sales of $3.87 billion, in line with the Street view. The analyst notes that, during the earnings call, CEO Hamid Akhavan reiterated the company's ambition to establish itself as a 'leading provider of global direct-to-device connectivity,' leveraging its international S-band spectrum and domestic AWS-4 assured investors that EchoStar is not 'missing the window of opportunity,' and noted that more concrete updates will be shared as plans mature, adds the analyst. Petti says that, on the operational front, wireless subscriber growth continues to gain traction, which management attributes to enhanced marketing initiatives, improved digital engagement, better customer retention, and appealing offers tailored to a challenging macroeconomic environment. However, the acceleration in customer acquisition is putting pressure on near-term financials due to higher subscriber acquisition costs (SAC), though management expects this to pay off in improved long-term customer lifetime value (CLV), says the analyst. Consequently, Petti now estimates 2025 wireless retail net additions at 775,000, up from the previous estimate of 400,000. Nevertheless, this is accompanied by a deeper OIBDA (Operating Income Before Depreciation and Amortization) loss for the segment, revised to $1.90 billion. On a consolidated basis, the analyst have lowered the OIBDA estimate to $1.43 billion (from $1.83 billion), factoring in the increased wireless drag but also recognizing improved trends in PayTV, driven by cost efficiencies. The analyst notes EchoStar is prioritizing wireless subscriber growth and its long-term vision for direct-to-device connectivity. This strategic focus is, however, currently incurring a significant OIBDA drag. Furthermore, the ongoing FCC review of EchoStar's spectrum assets is introducing a substantial layer of regulatory uncertainty, which Petti believes could potentially impact the company's future strategic options and overall valuation. Investors can gain exposure to the stock via Procure Space ETF (NASDAQ:UFO). Price Action: SATS shares are trading lower by 1.94% to $21.73 at last check Wednesday. Read Next:Image by photo_gonzo via Shutterstock Date Firm Action From To Feb 2022 Raymond James Maintains Strong Buy Nov 2021 Raymond James Maintains Strong Buy May 2021 Raymond James Maintains Strong Buy View More Analyst Ratings for SATS View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? ECHOSTAR (SATS): Free Stock Analysis Report This article EchoStar's Wireless Subscriber Growth Comes At A Cost, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Calgary Herald
05-05-2025
- Business
- Calgary Herald
Trump's proposed tariffs on foreign-made films raise concerns for Alberta film industry
Article content U.S. President Donald Trump's threat to impose tariffs on foreign-made films is raising concerns among leaders in Calgary's film and television industry, who say uncertainty created by the announcement could slow momentum in the city's growing industry. Article content Article content In a post Sunday night on his Truth Social platform, Trump said he had authorized the Department of Commerce and the Office of the U.S. Trade Representative to slap a 100 per cent tariff 'on any and all Movies coming into our Country that are produced in Foreign Lands.' Article content Article content 'The Movie Industry in America is DYING a very fast death,' he wrote, complaining that other countries 'are offering all sorts of incentives to draw' filmmakers and studios away from the U.S. 'This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda!' Article content Article content 'There is concern locally and internationally over this announcement,' said Petti. 'There's a lot of unanswered questions, and we expect it may be weeks before we get the answers, but uncertainty is never a good thing for the motion picture industry.' Article content Article content 'In the short term, I imagine it will have a chilling effect on the overall industry,' said Petti. 'The studios . . . rely on certainty. And so the moment you create uncertainty you inevitably delay decisions to finance projects.' Article content Article content 'It's just such a bizarre comment,' he said. 'None of it makes any sense to me. Article content 'It's hard to unpack (Trump's) statement because it's simplifying it in a way that doesn't reflect . . . how (the industry) works.' Article content Peterson said many Canadian productions, such as his 2025 horror film Shadow of God, are financed and sold through a mix of international and U.S.-based partners, which raises questions about how tariffs would be applied.
CNBC
24-04-2025
- Business
- CNBC
Wall Street is in love with this safe haven, dividend play and sees big returns this year
Wall Street analysts are even more confident in telecommunication company AT & T after its latest earnings report. AT & T is a safe haven, high yielding play that's already outperformed this year, rallying more than 19% even as the S & P 500 has fallen 8%. Over the past 12 months, AT & T surged more than 61%. It also pays a dividend equal to a 4.1% yield today. The company's first quarter results left analysts bullish on AT & T, saying solid results driven by a strong showing in subscriber count and expanding profit margins show the wireless provider is well-equipped to navigate uncertain macroeconomic waters and continue to outperform. "AT & T remains our favorite stock and [is] a top pick on the U.S. Equity Analyst Focus List following strong 1Q25 results," JPMorgan's Sebastiano Petti wrote on Wednesday. "Competitive intensity has picked up across the wireless ecosystem, but AT & T's convergence playbook is winning in the marketplace and positions the company well in this more active switcher backdrop." Petti raised his year-end target to $31 from $28, implying 14% upside from Wednesday's close of $27.19 — excluding the dividend. T 1D mountain AT & T shares Thursday "Subscriber count is up, more subs are bundling, and margins are expanding — all ahead of expectations," Bernstein's Laurent Yoon said in a note, calling AT & T "more than a safe haven" following first-quarter results. His $29 price target would equal 7% upside for AT & T. Bank of America Securities is also enthusiastic. Analyst Matthew Griffiths reiterated a buy rating and raised his price objective to $32 from $28, implying 17% upside from Wednesday's close. AT & T reported first-quarter revenue above analysts' estimates and reaffirmed full-year profit guidance. Revenue of $30.60 billion exceeded the FactSet consensus estimate of $30.36 billion. First-quarter adjusted earnings of 51 cents per share matched expectations. AT & T forecast adjusted per-share earnings of $1.97 to $2.07 in 2025, while analysts polled by FactSet were anticipating $2.08 per share. To be sure, analysts said they expect higher tariffs could challenge AT & T later this year. But they were encouraged by the company pulling forward its planned cost initiatives, and expect little risk to AT & T's long-term fiber buildout plans. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
Telegraph
28-02-2025
- General
- Telegraph
‘Worthy of a toast topper' – the 50p tinned tomatoes that beat much pricier options
Which chopped tomatoes are pasta worthy? There are certainly enough to choose from. For this week's test of that most vital of store cupboard staples, I found 26 different cans to evaluate even once I'd ruled out the very finely chopped polpa. Time to call in help – in this case food writer Sam Goldsmith, author of The Tinned Tomatoes Cookbook (£18.99, Murdoch Books) who was unfazed by the prospect of so many cans. In fact, he loves them so much he says: 'Sometimes I toast some bread and rub on some garlic and a drizzle of oil, then top with either warmed tinned toms or just spoon them straight from the tin.' The stakes have risen since I last tested tinned tomatoes back in 2022. The cheap ones just aren't the bargain they were, with the price of a budget-range tin rising from 28p to 39p, while the mid-range own-brand tomatoes have generally gone up from 40p to 47p. As the pricier ones generally have a thicker juice, they'll need less cooking down to make a decent sauce consistency, which makes the so-called budget tomatoes even less of a bargain. On the plus side, the economy tins tend not to have a plastic lining which which may contain chemicals called bisphenols that are linked to health issues. As for additives, almost all the tins we tested contained citric acid, which is an industrial ingredient, not an extract of citrus fruit. Just two brands, Petti and Vero Pop, manage without. None of the tinned tomatoes had any guarantees of good labour practices, despite reports of abuse of illegal immigrant workers on Italian tomato farms and processing plants. Mind you, many tins don't specify where the tomatoes are from, or say simply 'packed in Italy', which could mean they were grown anywhere. Let's hope that by the time I test again, there's more transparency from the tomato touts. When it came to flavour, a fresh tomato zing with no bitter or metallic notes won out – and some of the supermarket versions did as well as the bougie brands. By and large though, Goldsmith suggests 'using posher tomatoes when it's for a quick cook sauce or when there's not going to be a lot of extra flavour added. Cheaper tomatoes are great for slow cooking or when you're packing it full of added flavours.' And for those tomatoes on toast, hit the high scorers.
Yahoo
19-02-2025
- Sport
- Yahoo
Harlequins sign Argentina forward Petti for 2025-26
Argentina second-row Guido Petti has signed for Harlequins for the 2025-26 season. The 30-year-old lock will join up with the club after completing the current campaign with Bordeaux Begles. Petti has 87 caps for Los Pumas and has featured at three World Cup. He has made 64 appearances for Bordeaux since joining the club from Buenos Aires-based Jaguares in 2020. "I'm excited to join Harlequins next season – it's a club with a lot of history and a new challenge in the Gallagher Premiership," Petti, who can also play at flanker, said. "Harlequins is an ambitious club with a strong squad, which I can't wait to join. "I've heard a lot about the fantastic support of the club and I'm looking forward to playing in front of the supporters at The Stoop." Petti is the second Quins signing for next season after Ireland international Kieran Treadwell's summer return from Ulster was announced last month. News of Petti's arrival comes a day after the announcement that hooker Nathan Jibulu will complete his move to Sale Sharks in the summer.
