Wall Street brokerages predict that Ascent Capital Group Inc Series A (NASDAQ:ASCMA) will report ($2.91) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ascent Capital Group Inc Series A’s earnings, with the lowest EPS estimate coming in at ($3.01) and the highest estimate coming in at ($2.81). Ascent Capital Group Inc Series A reported earnings per share of ($2.51) in the same quarter last year, which would suggest a negative year over year growth rate of 15.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Ascent Capital Group Inc Series A will report full year earnings of ($11.51) per share for the current year, with EPS estimates ranging from ($11.87) to ($11.15). For the next year, analysts forecast that the firm will post earnings of ($11.16) per share. Zacks’ earnings per share calculations are an average based on a survey of research 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 results on Monday, April 1st. The industrial products company reported ($8.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.13) by ($5.61). The firm had revenue of $134.44 million for the quarter.

ASCMA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. ValuEngine downgraded shares of Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

A hedge fund recently raised its stake in Ascent Capital Group Inc Series A stock. Bank of America Corp DE boosted its holdings in Ascent Capital Group Inc Series A (NASDAQ:ASCMA) by 8,895.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 869,152 shares of the industrial products company’s stock after buying an additional 859,490 shares during the quarter. Bank of America Corp DE owned 6.99% of Ascent Capital Group Inc Series A worth $339,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 57.35% of the company’s stock.

Shares of ASCMA opened at $0.68 on Friday. The company has a market capitalization of $8.25 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.

About Ascent Capital Group Inc Series A

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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