Alaska Communications Systems Group (NASDAQ:ALSK) released its quarterly earnings results on Monday. The utilities provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02, Fidelity Earnings reports. Alaska Communications Systems Group had a net margin of 1.28% and a return on equity of 1.83%. Alaska Communications Systems Group updated its FY 2018 guidance to EPS.
ALSK stock opened at $1.49 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 1.05. Alaska Communications Systems Group has a one year low of $1.37 and a one year high of $2.91. The stock has a market cap of $79.24 million, a price-to-earnings ratio of -16.56 and a beta of 0.34.
ALSK has been the subject of several research reports. Dawson James initiated coverage on shares of Alaska Communications Systems Group in a research report on Monday, October 29th. They set a “buy” rating for the company. TheStreet raised shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a research note on Friday, August 24th.
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About Alaska Communications Systems Group
Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the state of Alaska. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.
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