Brokerages expect Ascent Capital Group Inc Series A (NASDAQ:ASCMA) to report earnings of ($3.13) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ascent Capital Group Inc Series A’s earnings. The lowest EPS estimate is ($3.69) and the highest is ($2.56). The firm is expected to issue its next quarterly earnings results on Thursday, March 28th.
On average, analysts expect that Ascent Capital Group Inc Series A will report full year earnings of ($28.69) per share for the current fiscal year, with EPS estimates ranging from ($29.24) to ($28.13). For the next year, analysts expect that the company will report earnings of ($11.51) per share, with EPS estimates ranging from ($11.87) to ($11.15). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Ascent Capital Group Inc Series A.
Separately, Zacks Investment Research cut Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th.
An institutional investor recently raised its position in Ascent Capital Group Inc Series A stock. Bank of America Corp DE raised its position in shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) by 8,895.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,152 shares of the industrial products company’s stock after purchasing an additional 859,490 shares during the period. Bank of America Corp DE owned approximately 6.99% of Ascent Capital Group Inc Series A worth $339,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 57.35% of the company’s stock.
Shares of NASDAQ:ASCMA opened at $0.65 on Wednesday. Ascent Capital Group Inc Series A has a 12-month low of $0.25 and a 12-month high of $4.49. The company has a market cap of $8.08 million, a PE ratio of -0.07 and a beta of 3.01.
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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