Ascent Capital Group, Inc. (ASCMA) Expected to Announce Earnings of -$2.22 Per Share
Analysts forecast that Ascent Capital Group, Inc. (NASDAQ:ASCMA) will announce earnings per share (EPS) of ($2.22) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ascent Capital Group’s earnings, with estimates ranging from ($2.29) to ($2.15). Ascent Capital Group posted earnings of ($1.51) per share during the same quarter last year, which suggests a negative year over year growth rate of 47%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Ascent Capital Group will report full year earnings of ($9.73) per share for the current financial year, with EPS estimates ranging from ($9.78) to ($9.67). For the next financial year, analysts forecast that the firm will post earnings of ($8.72) per share, with EPS estimates ranging from ($8.75) to ($8.69). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Ascent Capital Group.
A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies set a $14.00 price target on Ascent Capital Group and gave the stock a “hold” rating in a research report on Thursday, August 10th. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and dropped their price objective for the company from $13.50 to $13.00 in a report on Friday, November 3rd. ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $16.00 price objective on shares of Ascent Capital Group in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Ascent Capital Group presently has an average rating of “Hold” and an average target price of $14.33.
In other news, Director Michael J. Pohl sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $11.93, for a total transaction of $29,825.00. Following the sale, the director now directly owns 17,927 shares of the company’s stock, valued at $213,869.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of ASCMA. Cigna Investments Inc. New purchased a new stake in Ascent Capital Group in the second quarter valued at $159,000. Zacks Investment Management boosted its holdings in Ascent Capital Group by 0.8% in the second quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 97 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Ascent Capital Group by 14.2% in the second quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 2,892 shares during the last quarter. Bank of America Corp DE boosted its stake 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. Finally, Bank of Nova Scotia purchased a new stake in shares of Ascent Capital Group during the 2nd quarter worth about $538,000. 80.70% of the stock is currently owned by institutional investors.
Ascent Capital Group (NASDAQ:ASCMA) opened at $11.83 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 11.96. Ascent Capital Group has a 12-month low of $8.87 and a 12-month high of $18.39.
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Ascent Capital Group Company Profile
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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