Before the opening bell on Monday, Dish Network (DISH) released its annual financial results for 2014. Here’s what the results mean for mutual fund investors.
Inside DISH’s Results
Earnings
Profits for the year rose 17% to $945 million, or $2.04 per share, from $807 million, or $1.76 per share, in 2013. On average, analysts expected to see EPS of $1.59.
Revenue
Sales increased 5.3% to $14.6 billion from $13.9 billion in 2013. Analysts expected to see revenue of $14.66 billion.
CEO to Retire
The company also announced that its CEO Joe Clayton will retire at the end of March. DISH’s Chairman Charlie Ergen will take the CEO postition.
Profits Increased, but DISH Is Losing Subscribers
While DISH’s profits and revenue increased in 2014, the company lost 63,000 pay-TV subscribers, compared to an 8,000 subscriber gain in 2013. This decline was primarily due to the loss of 21st Century Fox programming, issues regarding the quality of its service and high competition in the streaming space.
Despite the loss of customers, shares of DISH have increased 35% in the last year.
Mutual Funds to Watch
Investors interested in DISH may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| PVSAX | Putnam Capital Spectrum A | 5.25% |
| PYSAX | Putnam Equity Spectrum A | 2.37% |
| DODGX | Dodge & Cox Stock | 1.48% |
The Bottom Line
The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in DISH may also be interested in Time Warner Cable (TWC) or Comcast (CMCSA).