$0.05 EPS Expected for Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) This Quarter

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Wall Street analysts expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.15. Chicken Soup for The Soul Entrtnmnt also posted earnings of $0.05 per share during the same quarter last year. The firm is scheduled to announce 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 expect that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.30 to $0.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Chicken Soup for The Soul Entrtnmnt.

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

CSSE has been the topic of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Tuesday, July 30th. Northland Securities set a $15.00 price objective on Chicken Soup for The Soul Entrtnmnt and gave the stock a “buy” rating in a research report on Friday, August 30th.

In other Chicken Soup for The Soul Entrtnmnt news, major shareholder Mvm Funds Llc acquired 35,288 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $9.28 per share, for a total transaction of $327,472.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 72.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in Chicken Soup for The Soul Entrtnmnt by 45.0% during the first quarter. Royce & Associates LP now owns 311,027 shares of the company’s stock valued at $3,844,000 after purchasing an additional 96,527 shares in the last quarter. Vanguard Group Inc. raised its position in Chicken Soup for The Soul Entrtnmnt by 3.8% during the second quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock valued at $1,433,000 after purchasing an additional 7,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Chicken Soup for The Soul Entrtnmnt by 14,661.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock valued at $120,000 after purchasing an additional 15,834 shares in the last quarter. Falcon Point Capital LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter valued at about $86,000. Institutional investors and hedge funds own 18.90% of the company’s stock.

Shares of CSSE stock traded up $0.49 on Thursday, reaching $9.85. The company’s stock had a trading volume of 8,361 shares, compared to its average volume of 22,641. Chicken Soup for The Soul Entrtnmnt has a 12-month low of $6.75 and a 12-month high of $13.11. The company has a market capitalization of $39.81 million, a P/E ratio of -61.56 and a beta of 1.23. The stock’s 50 day simple moving average is $9.31 and its 200-day simple moving average is $8.76.

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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