Ascent Capital Group (ASCMA) Set to Announce Earnings on Monday

Ascent Capital Group (NASDAQ:ASCMA) will be issuing its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of ($2.22) per share for the quarter.

Ascent Capital Group (ASCMA) opened at $6.63 on Monday. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34. Ascent Capital Group has a 12-month low of $6.22 and a 12-month high of $17.84. The stock has a market capitalization of $81.73, a P/E ratio of -0.73 and a beta of 1.37.

A number of research firms have weighed in on ASCMA. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price target on shares of Ascent Capital Group in a research report on Friday, November 3rd. Zacks Investment Research raised Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, January 2nd. Imperial Capital raised Ascent Capital Group from an “in-line” rating to an “outperform” rating and reduced their price target for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. Finally, ValuEngine downgraded Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.00.

In other news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $11.00, for a total value of $9,460,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 863,908 shares of company stock valued at $9,505,606. Insiders own 9.60% 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.

Earnings History for Ascent Capital Group (NASDAQ:ASCMA)

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