Analysts expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to report $20.27 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Chicken Soup for The Soul Entrtnmnt’s earnings, with the highest sales estimate coming in at $20.60 million and the lowest estimate coming in at $19.93 million. Chicken Soup for The Soul Entrtnmnt posted sales of $8.72 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 132.5%. The company is expected to report its next quarterly 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 year, with estimates ranging from $35.06 million to $36.30 million. For the next financial year, analysts anticipate that the company 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 follow Chicken Soup for The Soul Entrtnmnt.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 business had revenue of $6.58 million during the quarter, compared to the consensus estimate of $6.40 million.
NASDAQ CSSE traded down $0.01 during trading hours on Monday, hitting $7.80. The company’s stock had a trading volume of 2,716 shares, compared to its average volume of 15,426. Chicken Soup for The Soul Entrtnmnt has a 12 month low of $6.19 and a 12 month high of $11.41. The company has a market capitalization of $29.67 million, a price-to-earnings ratio of 9.51 and a beta of 1.39.
In other news, major shareholder Mvm Funds Llc purchased 9,221 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was 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 the SEC website. Over the last 90 days, insiders have acquired 102,071 shares of company stock valued at $863,063. Corporate insiders own 72.60% of the company’s stock.
An institutional investor recently raised its position in Chicken Soup for The Soul Entrtnmnt stock. Teton Advisors Inc. raised its position in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,800 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Teton Advisors Inc. owned 0.31% of Chicken Soup for The Soul Entrtnmnt worth $89,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 17.67% 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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