Analysts predict that Ascent Capital Group Inc (NASDAQ:ASCMA) will announce sales of $137.52 million for the current quarter, Zacks reports. Two analysts have provided estimates for Ascent Capital Group’s earnings, with the highest sales estimate coming in at $139.28 million and the lowest estimate coming in at $135.76 million. Ascent Capital Group reported sales of $140.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Ascent Capital Group will report full-year sales of $137.52 million for the current financial year, with estimates ranging from $518.43 million to $525.71 million. For the next year, analysts expect that the company will post sales of $501.51 million per share, with estimates ranging from $495.08 million to $507.94 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Ascent Capital Group.
ASCMA has been the subject of a number of recent analyst reports. Zacks Investment Research cut Ascent Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 15th. Imperial Capital reaffirmed an “outperform” rating and set a $10.00 target price (down previously from $13.00) on shares of Ascent Capital Group in a research report on Tuesday, March 6th. Finally, Stifel Nicolaus decreased their target price on Ascent Capital Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, March 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.13.
ASCMA stock traded down $0.21 during trading hours on Friday, reaching $4.27. The company had a trading volume of 76,520 shares, compared to its average volume of 88,348. Ascent Capital Group has a 12-month low of $4.26 and a 12-month high of $17.84. The firm has a market capitalization of $59.30, a P/E ratio of -0.47 and a beta of 1.56. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 12.46.
About Ascent Capital Group
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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