Brokerages expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to post sales of $20.27 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The lowest sales estimate is $19.93 million and the highest is $20.60 million. Chicken Soup for The Soul Entrtnmnt reported sales of $8.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 132.5%. The firm is scheduled to announce its next earnings results on Tuesday, March 26th.
According to Zacks, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full-year sales of $35.68 million for the current year, with estimates ranging from $35.06 million to $36.30 million. For the next year, analysts expect that the company will post sales of $46.07 million, with estimates ranging from $43.04 million to $49.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Chicken Soup for The Soul Entrtnmnt.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its quarterly earnings results on Wednesday, November 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Chicken Soup for The Soul Entrtnmnt had a return on equity of 16.11% and a net margin of 93.82%. The business had revenue of $6.58 million for the quarter, compared to analyst estimates of $6.40 million.
Shares of CSSE stock opened at $8.07 on Friday. Chicken Soup for The Soul Entrtnmnt has a 12 month low of $6.19 and a 12 month high of $11.41. The company has a market cap of $30.39 million, a PE ratio of 9.84 and a beta of 1.54.
In other news, major shareholder Mvm Funds Llc acquired 46,477 shares of the stock in a transaction dated Friday, October 26th. The shares were acquired at an average cost of $9.20 per share, for a total transaction of $427,588.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 148,548 shares of company stock worth $1,290,651. 72.60% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP increased its position in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 30.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Royce & Associates LP owned about 5.13% of Chicken Soup for The Soul Entrtnmnt worth $1,989,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.75% of the company’s stock.
Chicken Soup for The Soul Entrtnmnt Company Profile
Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through Popcornflix and A Plus networks, as well as operates a series of direct-to consumer advertising supported channels.
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