$137.52 Million in Sales Expected for Ascent Capital Group Inc (ASCMA) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Ascent Capital Group by 3.0% in the second quarter. State Street Corp now owns 228,283 shares of the industrial products company’s stock valued at $3,504,000 after acquiring an additional 6,682 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Ascent Capital Group by 1,894.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 10,392 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 9,871 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Ascent Capital Group in the fourth quarter valued at approximately $163,000. Deutsche Bank AG boosted its position in shares of Ascent Capital Group by 137.1% in the fourth quarter. Deutsche Bank AG now owns 24,851 shares of the industrial products company’s stock valued at $284,000 after acquiring an additional 14,371 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Ascent Capital Group by 17.5% in the second quarter. Northern Trust Corp now owns 133,414 shares of the industrial products company’s stock valued at $2,049,000 after acquiring an additional 19,918 shares during the period. 83.29% of the stock is owned by institutional investors.

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.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3294071/137-52-million-in-sales-expected-for-ascent-capital-group-inc-ascma-this-quarter.html.

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.

Get a free copy of the Zacks research report on Ascent Capital Group (ASCMA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ascent Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

HomeStreet  Releases Quarterly  Earnings Results
HomeStreet Releases Quarterly Earnings Results
GlobalToken  One Day Volume Tops $218.00
GlobalToken One Day Volume Tops $218.00
DNotes  Trading Down 38% Over Last Week
DNotes Trading Down 38% Over Last Week
Putnam High Income  Declares Monthly Dividend of $0.03
Putnam High Income Declares Monthly Dividend of $0.03
PowerShares National AMT-Free Municipal Bond Portfolio  to Issue $0.07 Monthly Dividend
PowerShares National AMT-Free Municipal Bond Portfolio to Issue $0.07 Monthly Dividend
PowerShares DWA Tactical Multi-Asset Income Portfolio  Announces Dividend Increase – $0.12 Per Share
PowerShares DWA Tactical Multi-Asset Income Portfolio Announces Dividend Increase – $0.12 Per Share


© 2006-2018 Ticker Report. Google+.