Alaska Communications Systems Group Inc (NASDAQ:ALSK) to Post Q3 2018 Earnings of $0.01 Per Share, Dawson James Forecasts

Alaska Communications Systems Group Inc (NASDAQ:ALSK) – Equities researchers at Dawson James issued their Q3 2018 EPS estimates for Alaska Communications Systems Group in a research note issued on Monday, October 29th, according to Zacks Investment Research. Dawson James analyst B. Sine forecasts that the utilities provider will earn $0.01 per share for the quarter. Dawson James currently has a “Buy” rating on the stock. Dawson James also issued estimates for Alaska Communications Systems Group’s Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.08 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.01 EPS, FY2019 earnings at $0.03 EPS, Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.00 EPS and FY2020 earnings at $0.03 EPS.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $58.23 million for the quarter, compared to analyst estimates of $53.63 million. Alaska Communications Systems Group had a net margin of 1.93% and a return on equity of 2.72%.

Separately, TheStreet upgraded Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a report on Friday, August 24th.

ALSK traded up $0.04 during midday trading on Wednesday, hitting $1.51. The company’s stock had a trading volume of 42,824 shares, compared to its average volume of 100,851. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.10. The stock has a market capitalization of $78.18 million, a price-to-earnings ratio of -16.78 and a beta of 0.34. Alaska Communications Systems Group has a 52-week low of $1.37 and a 52-week high of $2.91.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Alaska Communications Systems Group by 14.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,895 shares of the utilities provider’s stock valued at $2,874,000 after buying an additional 205,018 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Alaska Communications Systems Group by 10.5% in the 2nd quarter. North Star Investment Management Corp. now owns 1,093,740 shares of the utilities provider’s stock valued at $1,936,000 after buying an additional 104,300 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Alaska Communications Systems Group by 2.3% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,431,163 shares of the utilities provider’s stock valued at $3,987,000 after buying an additional 55,195 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Alaska Communications Systems Group by 1.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,144,338 shares of the utilities provider’s stock valued at $3,517,000 after buying an additional 36,928 shares during the period. Institutional investors and hedge funds own 42.18% of the company’s stock.

About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the state of Alaska. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.

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