Equities analysts expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to report $20.27 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings, with estimates ranging from $19.93 million to $20.60 million. Chicken Soup for The Soul Entrtnmnt posted sales of $8.72 million during the same quarter last year, which suggests a positive year over year growth rate of 132.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, March 26th.
According to Zacks, 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 financial year, analysts expect that the business will post sales of $46.07 million, with estimates ranging from $43.04 million to $49.10 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Chicken Soup for The Soul Entrtnmnt.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last posted its quarterly earnings results on Wednesday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Chicken Soup for The Soul Entrtnmnt had a return on equity of 16.11% and a net margin of 93.82%. The company had revenue of $6.58 million during the quarter, compared to analysts’ expectations of $6.40 million.
In related news, major shareholder Mvm Funds Llc purchased 46,477 shares of the stock in a transaction on Friday, October 26th. The shares were bought at an average price of $9.20 per share, for a total transaction of $427,588.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 148,548 shares of company stock worth $1,290,651. Corporate 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. purchased a new stake in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 17.75% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CSSE traded up $0.24 during mid-day trading on Friday, reaching $8.16. The stock had a trading volume of 42,700 shares, compared to its average volume of 16,525. Chicken Soup for The Soul Entrtnmnt has a fifty-two week low of $6.19 and a fifty-two week high of $11.41. The company has a market capitalization of $30.69 million, a P/E ratio of 9.95 and a beta of 1.54.
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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