Wall Street brokerages expect that Ascent Capital Group, Inc. (NASDAQ:ASCMA) will report sales of $137.52 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ascent Capital Group’s earnings, with the lowest sales estimate coming in at $135.76 million and the highest estimate coming in at $139.28 million. Ascent Capital Group reported sales of $140.68 million in the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Ascent Capital Group will report full year sales of $137.52 million for the current year, with estimates ranging from $555.70 million to $559.19 million. For the next fiscal year, analysts anticipate that the firm will post sales of $549.92 million per share, with estimates ranging from $539.31 million to $560.53 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Ascent Capital Group.

ASCMA has been the subject of several analyst reports. Zacks Investment Research raised shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $16.00 price target on shares of Ascent Capital Group in a report on Friday, November 3rd. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and cut their price target for the company from $13.50 to $13.00 in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $14.00 price target on shares of Ascent Capital Group and gave the company a “hold” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.33.

In other Ascent Capital Group news, Director Michael J. Pohl sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $11.93, for a total value of $29,825.00. Following the transaction, the director now owns 17,927 shares in the company, valued at $213,869.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 6,408 shares of company stock worth $76,057. 9.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ASCMA. Vanguard Group Inc. boosted its stake in Ascent Capital Group by 2.2% during the first quarter. Vanguard Group Inc. now owns 447,733 shares of the industrial products company’s stock worth $6,326,000 after acquiring an additional 9,468 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ascent Capital Group by 3.9% during the first quarter. Geode Capital Management LLC now owns 89,937 shares of the industrial products company’s stock worth $1,270,000 after acquiring an additional 3,415 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ascent Capital Group by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 883,229 shares of the industrial products company’s stock worth $12,480,000 after acquiring an additional 44,391 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Ascent Capital Group by 6.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 42,785 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Ascent Capital Group by 25.1% during the first quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 6,475 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Shares of Ascent Capital Group (NASDAQ ASCMA) opened at $11.37 on Wednesday. Ascent Capital Group has a one year low of $8.87 and a one year high of $18.39. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.34 and a current ratio of 1.34.

ILLEGAL ACTIVITY WARNING: “Ascent Capital Group, Inc. (ASCMA) Expected to Announce Quarterly Sales of $137.52 Million” was first reported by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/06/ascent-capital-group-inc-ascma-expected-to-announce-quarterly-sales-of-137-52-million.html.

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.

Get a free copy of the Zacks research report on Ascent Capital Group (ASCMA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ascent Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Capital Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.