Equities analysts expect Ascent Capital Group Inc Series A (NASDAQ:ASCMA) to announce $126.04 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ascent Capital Group Inc Series A’s earnings, with the highest sales estimate coming in at $137.15 million and the lowest estimate coming in at $114.93 million. Ascent Capital Group Inc Series A posted sales of $133.75 million during the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The business is expected to announce its next quarterly earnings report on Tuesday, May 14th.
On average, analysts expect that Ascent Capital Group Inc Series A will report full year sales of $501.22 million for the current financial year, with estimates ranging from $453.05 million to $549.39 million. For the next fiscal year, analysts expect that the business will post sales of $438.02 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Ascent Capital Group Inc Series A.
Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last announced its quarterly earnings data on Monday, April 1st. The industrial products company reported ($8.74) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.13) by ($5.61). The firm had revenue of $134.44 million during the quarter.
A number of equities research analysts have recently commented on ASCMA shares. Zacks Investment Research downgraded Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. ValuEngine cut Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.
An institutional investor recently raised its position in Ascent Capital Group Inc Series A stock. Bank of America Corp DE increased its holdings in Ascent Capital Group Inc Series A (NASDAQ:ASCMA) by 8,895.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 869,152 shares of the industrial products company’s stock after acquiring an additional 859,490 shares during the quarter. Bank of America Corp DE owned approximately 6.99% of Ascent Capital Group Inc Series A worth $339,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 57.35% of the company’s stock.
Shares of NASDAQ:ASCMA traded up $0.03 during midday trading on Friday, reaching $0.71. The company’s stock had a trading volume of 28,395 shares, compared to its average volume of 93,312. The company has a market cap of $8.79 million, a P/E ratio of -0.03 and a beta of 3.02. Ascent Capital Group Inc Series A has a 1 year low of $0.25 and a 1 year high of $4.23.
Ascent Capital Group Inc Series A Company Profile
Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.
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