Brokerages Expect Ashford Inc. (NASDAQ:AINC) Will Announce Quarterly Sales of $62.77 Million

Brokerages expect Ashford Inc. (NASDAQ:AINC) to announce $62.77 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ashford’s earnings, with the highest sales estimate coming in at $63.00 million and the lowest estimate coming in at $62.53 million. Ashford reported sales of $54.81 million in the same quarter last year, which indicates a positive year over year growth rate of 14.5%. The company is expected to issue its next earnings report after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that Ashford will report full year sales of $229.93 million for the current financial year, with estimates ranging from $229.00 million to $230.85 million. For the next year, analysts forecast that the business will report sales of $242.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ashford.

Ashford (NASDAQ:AINC) last released its earnings results on Thursday, May 2nd. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.16. The business had revenue of $63.32 million for the quarter, compared to the consensus estimate of $57.13 million.

AINC stock opened at $27.99 on Thursday. Ashford has a 52 week low of $25.77 and a 52 week high of $95.58. The firm’s fifty day simple moving average is $36.61.

Ashford Company Profile

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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