Ashford Inc. (AINC) Expected to Post Quarterly Sales of $59.03 Million

Brokerages expect Ashford Inc. (NASDAQ:AINC) to report sales of $59.03 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ashford’s earnings, with estimates ranging from $58.16 million to $59.90 million. Ashford posted sales of $54.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Ashford will report full-year sales of $214.42 million for the current year, with estimates ranging from $212.84 million to $216.00 million. For the next financial year, analysts forecast that the company will report sales of $223.73 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Ashford.

Ashford (NASDAQ:AINC) last released its quarterly earnings results on Thursday, February 28th. The company reported ($1.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.20) by $0.24. The company had revenue of $50.98 million during the quarter, compared to analyst estimates of $43.02 million.

Ashford stock traded up $0.10 during trading on Friday, reaching $53.69. The company had a trading volume of 12,700 shares, compared to its average volume of 6,002. Ashford has a 1-year low of $46.30 and a 1-year high of $95.58.

About Ashford

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas.

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