Brokerages Expect Ascent Capital Group Inc Series A (ASCMA) Will Post Quarterly Sales of $127.63 Million

Analysts forecast that Ascent Capital Group Inc Series A (NASDAQ:ASCMA) will report sales of $127.63 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ascent Capital Group Inc Series A’s earnings. The lowest sales estimate is $117.76 million and the highest is $137.49 million. The company is scheduled to announce its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that Ascent Capital Group Inc Series A will report full-year sales of $533.55 million for the current financial year, with estimates ranging from $523.69 million to $543.41 million. For the next fiscal year, analysts expect that the company will report sales of $501.22 million, with estimates ranging from $453.05 million to $549.39 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Ascent Capital Group Inc Series A.

Separately, Zacks Investment Research lowered Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th.

Shares of ASCMA stock remained flat at $$0.50 during mid-day trading on Monday. The company’s stock had a trading volume of 21,200 shares, compared to its average volume of 143,346. Ascent Capital Group Inc Series A has a twelve month low of $0.25 and a twelve month high of $7.65. The stock has a market cap of $6.22 million, a PE ratio of -0.06 and a beta of 2.86.

A hedge fund recently bought a new stake in Ascent Capital Group Inc Series A stock. Millennium Management LLC purchased a new stake in Ascent Capital Group Inc Series A (NASDAQ:ASCMA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 257,162 shares of the industrial products company’s stock, valued at approximately $723,000. Millennium Management LLC owned about 2.07% of Ascent Capital Group Inc Series A as of its most recent filing with the Securities and Exchange Commission (SEC). 66.27% of the stock is currently owned by hedge funds and other institutional investors.

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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