Ascent Capital Group, Inc. (ASCMA) to Release Earnings on Monday
Ascent Capital Group, Inc. (NASDAQ:ASCMA) will release its earnings data after the market closes on Monday, November 6th. Analysts expect Ascent Capital Group to post earnings of ($2.19) per share for the quarter.
Ascent Capital Group (NASDAQ:ASCMA) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($1.68). The company had revenue of $140.50 million for the quarter, compared to analyst estimates of $142.68 million. Ascent Capital Group had a negative return on equity of 46.93% and a negative net margin of 19.15%. On average, analysts expect Ascent Capital Group to post $-9.68 EPS for the current fiscal year and $-8.86 EPS for the next fiscal year.
Ascent Capital Group, Inc. (ASCMA) opened at 11.32 on Monday. The company’s 50-day moving average is $11.98 and its 200 day moving average is $13.47. The firm’s market cap is $137.74 million. Ascent Capital Group, Inc. has a 12 month low of $8.87 and a 12 month high of $22.76.
A number of brokerages have recently commented on ASCMA. Imperial Capital lifted their price target on Ascent Capital Group from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Ascent Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies set a $14.00 price target on Ascent Capital Group and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine lowered Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 7th.
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In other news, Director Michael J. Pohl sold 2,500 shares of Ascent Capital Group stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total transaction of $29,825.00. Following the sale, the director now directly owns 17,927 shares of the company’s stock, valued at $213,869.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.
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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