Zacks Investment Research Weighs in on Chicken Soup for The Soul Entrtnmnt Inc’s Q2 2019 Earnings (CSSE)

Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) – Investment analysts at Zacks Investment Research issued their Q2 2019 EPS estimates for shares of Chicken Soup for The Soul Entrtnmnt in a research report issued to clients and investors on Monday, May 20th, according to Zacks Investment Research. Zacks Investment Research analyst L. Thompson anticipates that the company will post earnings of ($0.14) per share for the quarter. Zacks Investment Research also issued estimates for Chicken Soup for The Soul Entrtnmnt’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.30 EPS.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.21). The firm had revenue of $2.53 million during the quarter, compared to analysts’ expectations of $6.54 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 1.73% and a negative net margin of 11.50%.

Several other equities analysts have also recently weighed in on the stock. Northland Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Sunday, April 7th. Maxim Group initiated coverage on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Wednesday, April 24th. They set a “buy” rating for the company. Finally, ValuEngine raised shares of Chicken Soup for The Soul Entrtnmnt from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th.

Shares of NASDAQ CSSE opened at $8.08 on Thursday. The firm has a market capitalization of $34.06 million, a PE ratio of 10.38 and a beta of 1.26. Chicken Soup for The Soul Entrtnmnt has a 1 year low of $6.75 and a 1 year high of $13.11.

A hedge fund recently raised its stake in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP grew its holdings in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 45.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,027 shares of the company’s stock after buying an additional 96,527 shares during the period. Royce & Associates LP owned approximately 7.49% of Chicken Soup for The Soul Entrtnmnt worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.92% 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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