Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Expected to Announce Earnings of $0.05 Per Share

Analysts forecast that Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) will report earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at ($0.06). Chicken Soup for The Soul Entrtnmnt also reported earnings of $0.05 per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, November 13th.

According to Zacks, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from ($0.07) to $0.16. For the next fiscal year, analysts anticipate that the company will report earnings of $0.58 per share, with EPS estimates ranging from $0.30 to $0.85. Zacks’ EPS averages are an average based on a survey of analysts that follow Chicken Soup for The Soul Entrtnmnt.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09). Chicken Soup for The Soul Entrtnmnt had a negative net margin of 20.39% and a negative return on equity of 3.84%. The company had revenue of $12.21 million for the quarter, compared to the consensus estimate of $9.96 million.



Several brokerages have recently weighed in on CSSE. Northland Securities set a $15.00 price target on Chicken Soup for The Soul Entrtnmnt and gave the company a “buy” rating in a research report on Friday, August 30th. Maxim Group reiterated a “buy” rating and set a $22.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Tuesday, July 30th.

Shares of CSSE traded down $0.06 during midday trading on Thursday, hitting $9.61. 3,128 shares of the company traded hands, compared to its average volume of 29,800. The stock has a 50-day moving average of $9.34 and a 200-day moving average of $8.81. Chicken Soup for The Soul Entrtnmnt has a one year low of $6.75 and a one year high of $13.11. The firm has a market cap of $41.52 million, a P/E ratio of -60.06 and a beta of 1.23.

In related news, major shareholder Mvm Funds Llc acquired 95,049 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average cost of $8.88 per share, for a total transaction of $844,035.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 72.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its position in shares of Chicken Soup for The Soul Entrtnmnt by 58.5% in the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock worth $30,000 after purchasing an additional 1,481 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Chicken Soup for The Soul Entrtnmnt by 3.8% in the second quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock worth $1,433,000 after purchasing an additional 7,000 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth approximately $79,000. Steward Partners Investment Advisory LLC bought a new position in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth approximately $86,000. Finally, Falcon Point Capital LLC bought a new position in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth approximately $89,000. Institutional investors own 18.90% 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 its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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