Zacks: Brokerages Anticipate Sequential Brands Group Inc (SQBG) Will Post Earnings of $0.04 Per Share

Brokerages expect Sequential Brands Group Inc (NASDAQ:SQBG) to announce earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Sequential Brands Group’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.05. Sequential Brands Group also reported earnings of $0.04 per share in the same quarter last year. The business is scheduled to issue its next earnings results on Thursday, May 4th.

According to Zacks, analysts expect that Sequential Brands Group will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.52. For the next year, analysts forecast that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.61 to $0.84. Zacks’ EPS averages are an average based on a survey of analysts that cover Sequential Brands Group.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings results on Thursday, March 2nd. The textile maker reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. The firm earned $45.41 million during the quarter, compared to analyst estimates of $39.09 million. Sequential Brands Group had a negative net margin of 3.93% and a positive return on equity of 4.60%. The business’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share.

A number of equities analysts have recently weighed in on SQBG shares. Zacks Investment Research lowered Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 7th. Roth Capital set a $4.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a research report on Monday, March 6th. Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Finally, Wunderlich reaffirmed a “buy” rating and set a $18.00 target price on shares of Sequential Brands Group in a research report on Friday, January 13th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.71.

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Shares of Sequential Brands Group (NASDAQ:SQBG) remained flat at $3.61 during mid-day trading on Tuesday. 147,438 shares of the company traded hands. The firm’s market cap is $224.70 million. Sequential Brands Group has a 12 month low of $3.30 and a 12 month high of $9.14. The company’s 50-day moving average price is $3.61 and its 200 day moving average price is $4.96.

In related news, Director Al Gossett purchased 100,000 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was acquired at an average cost of $3.43 per share, with a total value of $343,000.00. Following the transaction, the director now owns 489,669 shares of the company’s stock, valued at approximately $1,679,564.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leonard Stewart, Jr. purchased 12,500 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The stock was bought at an average cost of $3.79 per share, with a total value of $47,375.00. Following the completion of the transaction, the director now directly owns 99,843 shares in the company, valued at approximately $378,404.97. The disclosure for this purchase can be found here. Corporate insiders own 27.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SQBG. Great West Life Assurance Co. Can bought a new stake in Sequential Brands Group during the third quarter worth approximately $100,000. Wells Fargo & Company MN raised its stake in Sequential Brands Group by 48.1% in the third quarter. Wells Fargo & Company MN now owns 29,208 shares of the textile maker’s stock worth $233,000 after buying an additional 9,483 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Sequential Brands Group during the third quarter worth approximately $253,000. Prescott Group Capital Management L.L.C. raised its stake in Sequential Brands Group by 39.3% in the third quarter. Prescott Group Capital Management L.L.C. now owns 34,001 shares of the textile maker’s stock worth $272,000 after buying an additional 9,601 shares during the last quarter. Finally, DIAM Co. Ltd. raised its stake in Sequential Brands Group by 4.8% in the third quarter. DIAM Co. Ltd. now owns 65,200 shares of the textile maker’s stock worth $522,000 after buying an additional 3,000 shares during the last quarter. 59.07% of the stock is owned by institutional investors and hedge funds.

Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

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