Equities analysts expect Ascent Capital Group, Inc. (NASDAQ:ASCMA) to post earnings per share of ($1.90) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ascent Capital Group’s earnings, with the highest EPS estimate coming in at ($1.82) and the lowest estimate coming in at ($2.04). Ascent Capital Group posted earnings of ($1.80) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.6%. The firm is expected to report its next quarterly earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Ascent Capital Group will report full year earnings of ($7.24) per share for the current fiscal year, with EPS estimates ranging from ($7.44) to ($6.96). For the next year, analysts expect that the company will report earnings of ($7.26) per share, with EPS estimates ranging from ($8.42) to ($5.84). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Ascent Capital Group.

Ascent Capital Group (NASDAQ:ASCMA) last announced its earnings results on Tuesday, May 9th. The industrial products company reported ($1.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.61) by $0.05. Ascent Capital Group had a negative net margin of 15.29% and a negative return on equity of 33.84%. The company had revenue of $141.20 million during the quarter, compared to analyst estimates of $142.20 million.

A number of research firms recently commented on ASCMA. Zacks Investment Research cut shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Imperial Capital dropped their price target on shares of Ascent Capital Group from $21.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, May 11th.

Shares of Ascent Capital Group (NASDAQ:ASCMA) traded up 1.23% on Tuesday, reaching $17.33. 30,135 shares of the company traded hands. Ascent Capital Group has a 1-year low of $11.55 and a 1-year high of $26.16. The stock has a 50-day moving average price of $15.50 and a 200 day moving average price of $14.95. The firm’s market capitalization is $210.28 million.

In related news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of Ascent Capital Group stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $17.11, for a total transaction of $34,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of Ascent Capital Group stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $17.00, for a total transaction of $2,550,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,600 shares of company stock valued at $2,697,278. 8.65% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Ascent Capital Group during the first quarter valued at approximately $123,000. First Manhattan Co. raised its stake in Ascent Capital Group by 14.5% in the first quarter. First Manhattan Co. now owns 14,566 shares of the industrial products company’s stock valued at $337,000 after buying an additional 1,842 shares in the last quarter. First Quadrant L P CA acquired a new stake in Ascent Capital Group during the second quarter valued at approximately $270,000. Nine Chapters Capital Management LLC raised its stake in Ascent Capital Group by 56.2% in the first quarter. Nine Chapters Capital Management LLC now owns 18,900 shares of the industrial products company’s stock valued at $267,000 after buying an additional 6,800 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Ascent Capital Group by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 21,381 shares of the industrial products company’s stock valued at $348,000 after buying an additional 3,808 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.

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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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Earnings History and Estimates for Ascent Capital Group (NASDAQ:ASCMA)

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