Brokerages Anticipate Ashford Inc. (AINC) Will Announce Quarterly Sales of $61.22 Million

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Equities research analysts forecast that Ashford Inc. (NASDAQ:AINC) will announce sales of $61.22 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ashford’s earnings. The highest sales estimate is $62.53 million and the lowest is $59.90 million. Ashford reported sales of $54.81 million in the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Ashford will report full year sales of $223.43 million for the current fiscal year, with estimates ranging from $216.00 million to $230.85 million. For the next financial year, analysts anticipate that the company will report sales of $242.73 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Ashford.

Ashford (NASDAQ:AINC) last released its quarterly earnings results on Thursday, February 28th. The company reported ($1.96) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.20) by $0.24. The firm had revenue of $50.98 million for the quarter, compared to analyst estimates of $43.02 million.

NASDAQ:AINC opened at $48.50 on Monday. Ashford has a twelve month low of $44.85 and a twelve month high of $95.58.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas.

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