Summer Infant (SUMR) Releases Quarterly Earnings, Meets Expectations
Summer Infant (NASDAQ:SUMR) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $51.43 million.
On a related note, analysts at Zacks downgraded shares of Summer Infant from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 17th. They now have a $3.60 price target on the stock.
Shares of Summer Infant (NASDAQ:SUMR) traded up 1.88% on Thursday, hitting $3.79. 129,138 shares of the company’s stock traded hands. Summer Infant has a 52 week low of $1.45 and a 52 week high of $4.41. The stock’s 50-day moving average is $3.46 and its 200-day moving average is $2.58. The company’s market cap is $68.2 million.
Summer Infant, Inc, is a designer, marketer, and distributor of juvenile health, safety and wellness products, which are sold to North American and the United Kingdom retailers.
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