Analysts Expect Chicken Soup for The Soul Entrtnmnt Inc (CSSE) Will Post Quarterly Sales of $20.27 Million

Analysts forecast that Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) will announce sales of $20.27 million for the current quarter, Zacks reports. Two analysts have provided estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The highest sales estimate is $20.60 million and the lowest is $19.93 million. Chicken Soup for The Soul Entrtnmnt reported sales of $8.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 132.5%. The firm is expected to report its next earnings results on Tuesday, March 26th.

On average, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full year sales of $35.68 million for the current fiscal year, with estimates ranging from $35.06 million to $36.30 million. For the next fiscal year, analysts anticipate that the firm will report sales of $46.07 million, with estimates ranging from $43.04 million to $49.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Chicken Soup for The Soul Entrtnmnt.

Separately, ValuEngine upgraded Chicken Soup for The Soul Entrtnmnt from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st.

Shares of CSSE stock traded down $0.45 during mid-day trading on Tuesday, hitting $8.25. 63,916 shares of the stock traded hands, compared to its average volume of 15,188. Chicken Soup for The Soul Entrtnmnt has a twelve month low of $6.19 and a twelve month high of $11.41. The stock has a market cap of $31.34 million, a PE ratio of 10.06 and a beta of 2.05.

In related news, major shareholder Mvm Funds Llc bought 9,221 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of $9.17 per share, for a total transaction of $84,556.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 67,495 shares of company stock worth $622,447 over the last 90 days. Insiders own 72.60% of the company’s stock.

An institutional investor recently bought a new position in Chicken Soup for The Soul Entrtnmnt stock. Bard Associates Inc. bought a new position in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,500 shares of the company’s stock, valued at approximately $139,000. Bard Associates Inc. owned about 0.39% of Chicken Soup for The Soul Entrtnmnt as of its most recent SEC filing. Institutional investors own 15.64% of the company’s stock.

Chicken Soup for The Soul Entrtnmnt Company Profile

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through Popcornflix and A Plus networks, as well as operates a series of direct-to consumer advertising supported channels.

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