Wall Street brokerages expect Amplify Snack Brands, inc. (NYSE:BETR) to announce sales of $100.73 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Amplify Snack Brands, inc.’s earnings, with the highest sales estimate coming in at $109.40 million and the lowest estimate coming in at $96.96 million. Amplify Snack Brands, inc. reported sales of $59.87 million during the same quarter last year, which would suggest a positive year over year growth rate of 68.2%. The firm is expected to issue its next earnings report on Monday, August 14th.

On average, analysts expect that Amplify Snack Brands, inc. will report full year sales of $100.73 million for the current financial year, with estimates ranging from $403.85 million to $407.15 million. For the next financial year, analysts anticipate that the firm will report sales of $459.61 million per share, with estimates ranging from $452.31 million to $475.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Amplify Snack Brands, inc..

Amplify Snack Brands, inc. (NYSE:BETR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $87.21 million during the quarter, compared to analysts’ expectations of $87.54 million. Amplify Snack Brands, inc. had a return on equity of 47.40% and a net margin of 6.39%. Amplify Snack Brands, inc.’s revenue for the quarter was up 60.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS.

BETR has been the topic of a number of analyst reports. Wedbush cut their price objective on shares of Amplify Snack Brands, inc. from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. Zacks Investment Research downgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.50.

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Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded up 4.20% during midday trading on Friday, reaching $8.94. 449,745 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.85 and its 200 day moving average price is $9.26. Amplify Snack Brands, inc. has a 12-month low of $7.86 and a 12-month high of $17.53. The company has a market cap of $664.17 million, a price-to-earnings ratio of 35.06 and a beta of 2.03.

In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $9.10, for a total transaction of $364,000.00. Following the sale, the chief financial officer now owns 1,473,866 shares of the company’s stock, valued at approximately $13,412,180.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 57.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. First National Bank of Omaha increased its stake in Amplify Snack Brands, inc. by 49.3% in the first quarter. First National Bank of Omaha now owns 99,178 shares of the company’s stock valued at $833,000 after buying an additional 32,765 shares in the last quarter. FMR LLC increased its stake in Amplify Snack Brands, inc. by 111.2% in the fourth quarter. FMR LLC now owns 11,493,063 shares of the company’s stock valued at $101,254,000 after buying an additional 6,051,270 shares in the last quarter. Comerica Bank bought a new stake in Amplify Snack Brands, inc. during the fourth quarter valued at $832,000. Jupiter Asset Management Ltd. increased its stake in Amplify Snack Brands, inc. by 6.5% in the first quarter. Jupiter Asset Management Ltd. now owns 495,704 shares of the company’s stock valued at $4,164,000 after buying an additional 30,460 shares in the last quarter. Finally, Commerce Bank increased its stake in Amplify Snack Brands, inc. by 36.5% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock valued at $143,000 after buying an additional 4,535 shares in the last quarter. 93.85% of the stock is currently owned by institutional investors.

About Amplify Snack Brands, inc.

Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.

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