Zacks: Analysts Anticipate Ascent Capital Group Inc (ASCMA) Will Announce Earnings of -$1.61 Per Share
Equities research analysts forecast that Ascent Capital Group Inc (NASDAQ:ASCMA) will report earnings per share (EPS) of ($1.61) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ascent Capital Group’s earnings. The lowest EPS estimate is ($1.75) and the highest is ($1.47). Ascent Capital Group posted earnings per share of ($1.89) during the same quarter last year, which suggests a positive year over year growth rate of 14.8%. The company is scheduled to announce its next earnings report on Monday, May 8th.
On average, analysts expect that Ascent Capital Group will report full-year earnings of ($6.30) per share for the current fiscal year, with EPS estimates ranging from ($7.27) to ($5.58). For the next financial year, analysts forecast that the company will report earnings of ($5.71) per share, with EPS estimates ranging from ($7.21) to ($4.75). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Ascent Capital Group.
Ascent Capital Group (NASDAQ:ASCMA) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported ($1.51) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.57) by $0.06. The firm earned $140.68 million during the quarter, compared to analyst estimates of $142.16 million. Ascent Capital Group had a negative return on equity of 34.98% and a negative net margin of 18.08%.
ASCMA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Friday, March 3rd. Imperial Capital reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Ascent Capital Group in a report on Saturday, January 7th.
Several hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in shares of Ascent Capital Group by 1.5% in the third quarter. Acrospire Investment Management LLC now owns 6,681 shares of the industrial products company’s stock worth $155,000 after buying an additional 97 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Ascent Capital Group during the fourth quarter worth $214,000. Citadel Advisors LLC bought a new stake in shares of Ascent Capital Group during the third quarter worth $291,000. Teachers Advisors LLC raised its stake in shares of Ascent Capital Group by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 21,381 shares of the industrial products company’s stock worth $348,000 after buying an additional 3,808 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Ascent Capital Group by 31.6% in the fourth quarter. Two Sigma Investments LP now owns 38,342 shares of the industrial products company’s stock worth $623,000 after buying an additional 9,217 shares in the last quarter. 85.84% of the stock is owned by institutional investors.
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Shares of Ascent Capital Group (NASDAQ:ASCMA) traded up 0.07% during mid-day trading on Tuesday, reaching $13.75. The company had a trading volume of 14,129 shares. Ascent Capital Group has a 52-week low of $11.78 and a 52-week high of $26.16. The company’s 50-day moving average price is $14.28 and its 200-day moving average price is $17.38. The company’s market capitalization is $166.60 million.
Ascent Capital Group Company Profile
Ascent Capital Group, Inc is a holding company. The Company’s subsidiaries include Monitronics International, Inc (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support.
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