Alaska Communications Systems Group, Inc. (ALSK) Scheduled to Post Earnings on Tuesday
Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Alaska Communications Systems Group to post earnings of $0.03 per share for the quarter.
Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.07). Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The business had revenue of $58.50 million during the quarter, compared to the consensus estimate of $58.72 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts expect Alaska Communications Systems Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Alaska Communications Systems Group, Inc. (ALSK) opened at 2.29 on Tuesday. The company’s market capitalization is $120.07 million. The stock has a 50 day moving average of $2.26 and a 200-day moving average of $2.22. Alaska Communications Systems Group, Inc. has a 52-week low of $1.49 and a 52-week high of $2.61.
A hedge fund recently raised its stake in Alaska Communications Systems Group stock. Northern Trust Corp boosted its holdings in shares of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,636 shares of the utilities provider’s stock after buying an additional 2,952 shares during the period. Northern Trust Corp owned about 0.25% of Alaska Communications Systems Group worth $289,000 as of its most recent SEC filing. 41.69% of the stock is owned by hedge funds and other institutional investors.
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About Alaska Communications Systems Group
Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.
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