Equities research analysts expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to post sales of $6.40 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The lowest sales estimate is $6.20 million and the highest is $6.60 million. The business is scheduled to report its next earnings report on Tuesday, November 13th.
On average, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full-year sales of $33.40 million for the current year, with estimates ranging from $32.50 million to $34.30 million. For the next financial year, analysts forecast that the company will post sales of $42.85 million, with estimates ranging from $41.20 million to $44.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Chicken Soup for The Soul Entrtnmnt.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Chicken Soup for The Soul Entrtnmnt had a net margin of 124.22% and a return on equity of 15.98%. The business had revenue of $2.94 million for the quarter, compared to the consensus estimate of $3.30 million.
CSSE traded up $0.09 during trading on Friday, hitting $9.20. The company’s stock had a trading volume of 100 shares, compared to its average volume of 17,582. Chicken Soup for The Soul Entrtnmnt has a one year low of $6.19 and a one year high of $11.41. The company has a market capitalization of $34.57 million, a PE ratio of 11.35 and a beta of 2.05.
In other news, major shareholder Mvm Funds Llc acquired 46,477 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average cost of $9.20 per share, for a total transaction of $427,588.40. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 72.60% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP acquired a new stake in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 150,000 shares of the company’s stock, valued at approximately $1,437,000. Royce & Associates LP owned 3.99% of Chicken Soup for The Soul Entrtnmnt at the end of the most recent reporting period. Institutional investors and hedge funds own 15.07% of the company’s stock.
About Chicken Soup for The Soul Entrtnmnt
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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