$137.52 Million in Sales Expected for Ascent Capital Group, Inc. (ASCMA) This Quarter
Equities analysts expect that Ascent Capital Group, Inc. (NASDAQ:ASCMA) will report $137.52 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Ascent Capital Group’s earnings, with estimates ranging from $135.76 million to $139.28 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 announce its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Ascent Capital Group will report full-year sales of $137.52 million for the current fiscal year, with estimates ranging from $555.70 million to $559.19 million. For the next financial year, analysts anticipate that the firm will report sales of $549.92 million per share, with estimates ranging from $539.31 million to $560.53 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Ascent Capital Group.
A number of equities analysts recently commented on the company. ValuEngine cut Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 7th. Piper Jaffray Companies set a $14.00 target price on Ascent Capital Group and gave the company a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a report on Friday, November 3rd. Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and lowered their target price for the company from $13.50 to $13.00 in a report on Friday, November 3rd. Finally, Zacks Investment Research cut Ascent Capital Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.33.
In other Ascent Capital Group news, Director Michael J. Pohl sold 2,500 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total value of $29,825.00. Following the sale, the director now owns 17,927 shares of the company’s stock, valued at approximately $213,869.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Cigna Investments Inc. New acquired a new stake in shares of Ascent Capital Group during the 2nd quarter worth about $159,000. Zacks Investment Management raised its position in shares of Ascent Capital Group by 0.8% during the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 97 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Ascent Capital Group during the 2nd quarter worth about $270,000. Teachers Advisors LLC raised its position in shares of Ascent Capital Group by 14.2% during the 2nd quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Ascent Capital Group by 25.1% during the 1st quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 6,475 shares in the last quarter. 79.52% of the stock is currently owned by institutional investors.
Ascent Capital Group (NASDAQ ASCMA) opened at $11.77 on Friday. Ascent Capital Group has a twelve month low of $8.87 and a twelve month high of $20.48. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96.
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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