-$2.30 Earnings Per Share Expected for Ascent Capital Group Inc Series A (ASCMA) This Quarter

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Analysts expect Ascent Capital Group Inc Series A (NASDAQ:ASCMA) to report earnings per share (EPS) of ($2.30) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ascent Capital Group Inc Series A’s earnings. The lowest EPS estimate is ($3.40) and the highest is ($1.20). Ascent Capital Group Inc Series A posted earnings of ($3.58) per share in the same quarter last year, which indicates a positive year over year growth rate of 35.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Ascent Capital Group Inc Series A will report full year earnings of ($7.87) per share for the current fiscal year, with EPS estimates ranging from ($10.81) to ($4.92). For the next year, analysts expect that the business will post earnings of ($7.27) per share, with EPS estimates ranging from ($9.61) to ($4.93). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ascent Capital Group Inc Series A.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last released its earnings results on Tuesday, May 8th. The industrial products company reported ($2.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.39) by ($1.12). The company had revenue of $133.75 million for the quarter, compared to analyst estimates of $133.40 million. Ascent Capital Group Inc Series A had a negative net margin of 21.89% and a negative return on equity of 84.01%.

ASCMA has been the subject of several research reports. Zacks Investment Research lowered shares of Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Stifel Nicolaus reduced their price objective on shares of Ascent Capital Group Inc Series A from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, May 9th. Finally, ValuEngine upgraded shares of Ascent Capital Group Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ascent Capital Group Inc Series A presently has an average rating of “Hold” and a consensus target price of $9.19.

Ascent Capital Group Inc Series A stock traded down $0.05 during trading hours on Friday, hitting $2.04. 172,477 shares of the company traded hands, compared to its average volume of 132,785. The stock has a market cap of $25.29 million, a price-to-earnings ratio of -0.23 and a beta of 1.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 17.72. Ascent Capital Group Inc Series A has a 1-year low of $1.69 and a 1-year high of $17.84.

Large investors have recently bought and sold shares of the company. AEGON USA Investment Management LLC acquired a new position in shares of Ascent Capital Group Inc Series A in the first quarter worth about $1,138,000. Tricadia Capital Management LLC acquired a new position in shares of Ascent Capital Group Inc Series A in the first quarter worth about $653,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ascent Capital Group Inc Series A by 63.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 377,916 shares of the industrial products company’s stock worth $1,391,000 after purchasing an additional 147,375 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ascent Capital Group Inc Series A by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 993,671 shares of the industrial products company’s stock worth $3,657,000 after purchasing an additional 64,960 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Ascent Capital Group Inc Series A during the fourth quarter worth approximately $630,000. Institutional investors own 84.90% of the company’s stock.

About Ascent Capital Group Inc Series A

Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.

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Earnings History and Estimates for Ascent Capital Group Inc Series A (NASDAQ:ASCMA)

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