Alaska Communications Systems Group, Inc. (ALSK) Set to Announce Earnings on Wednesday
Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) will release its earnings data before the market opens on Wednesday, November 8th. Analysts expect Alaska Communications Systems Group to post earnings of $0.03 per share for the quarter.
Alaska Communications Systems Group (NASDAQ:ALSK) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.07). The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $58.72 million. Alaska Communications Systems Group had a negative net margin of 0.65% and a negative return on equity of 0.01%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. 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.
Shares of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) opened at 2.44 on Wednesday. The stock has a 50 day moving average price of $2.29 and a 200 day moving average price of $2.24. The firm’s market capitalization is $127.94 million. Alaska Communications Systems Group, Inc. has a 1-year low of $1.50 and a 1-year high of $2.61.
COPYRIGHT VIOLATION NOTICE: “Alaska Communications Systems Group, Inc. (ALSK) Set to Announce Earnings on Wednesday” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/01/alaska-communications-systems-group-inc-alsk-set-to-announce-earnings-on-wednesday.html.
An institutional investor recently raised its position in Alaska Communications Systems Group stock. Northern Trust Corp lifted its stake in shares of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the 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. Hedge funds and other institutional investors own 41.69% of the company’s stock.
Alaska Communications Systems Group Company Profile
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.
Receive News & Ratings for Alaska Communications Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Communications Systems Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.