Chicken Soup for The Soul Entrtnmnt (CSSE) Posts Earnings Results, Misses Expectations By $0.21 EPS

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) issued its quarterly earnings data on Wednesday. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.21), Morningstar.com reports. The business had revenue of $2.53 million during the quarter, compared to the consensus estimate of $6.54 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 2.21% and a negative net margin of 12.84%.

CSSE opened at $8.22 on Friday. The company has a market capitalization of $38.17 million, a PE ratio of 11.63 and a beta of 1.26. Chicken Soup for The Soul Entrtnmnt has a 52 week low of $6.75 and a 52 week high of $13.11.

A hedge fund recently raised its stake in Chicken Soup for The Soul Entrtnmnt stock. Teton Advisors Inc. increased its position in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,800 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Teton Advisors Inc. owned approximately 0.31% of Chicken Soup for The Soul Entrtnmnt worth $89,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.57% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research report on Wednesday. Northland Securities restated a “buy” rating and issued a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Thursday. Finally, Maxim Group raised their target price on Chicken Soup for The Soul Entrtnmnt from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday.

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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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Earnings History for Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)

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