Equities Analysts Issue Forecasts for Sequential Brands Group, Inc.’s Q2 2017 Earnings (SQBG)
Sequential Brands Group, Inc. (NASDAQ:SQBG) – Equities research analysts at FBR & Co issued their Q2 2017 earnings per share estimates for Sequential Brands Group in a research report issued on Monday. FBR & Co analyst E. Beder expects that the textile maker will post earnings per share of $0.05 for the quarter. FBR & Co currently has a “Outperform” rating and a $7.00 price target on the stock. FBR & Co also issued estimates for Sequential Brands Group’s Q3 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.53 EPS and FY2018 earnings at $0.70 EPS.
Several other equities research analysts have also recently weighed in on SQBG. Canaccord Genuity set a $6.00 price target on Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, May 4th. Wunderlich raised their target price on Sequential Brands Group from $9.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research raised Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. ValuEngine cut Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, CL King cut Sequential Brands Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sequential Brands Group presently has an average rating of “Buy” and a consensus target price of $9.50.
COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/26/equities-analysts-issue-forecasts-for-sequential-brands-group-inc-s-q2-2017-earnings-sqbg.html.
Sequential Brands Group (NASDAQ:SQBG) opened at 3.17 on Wednesday. The company’s market cap is $199.02 million. Sequential Brands Group has a 12-month low of $2.81 and a 12-month high of $8.49. The stock’s 50 day moving average price is $3.55 and its 200 day moving average price is $3.75.
Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, May 4th. The textile maker reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Sequential Brands Group had a negative return on equity of 0.17% and a negative net margin of 0.57%. The business had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $37.08 million. During the same quarter in the previous year, the business posted $0.04 EPS. Sequential Brands Group’s revenue for the quarter was up 15.9% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC acquired a new stake in Sequential Brands Group during the first quarter valued at approximately $100,000. Brandes Investment Partners LP acquired a new stake in Sequential Brands Group during the first quarter valued at approximately $124,000. Wells Fargo & Company MN boosted its stake in Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after buying an additional 5,482 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Sequential Brands Group during the second quarter valued at approximately $200,000. Finally, Teachers Advisors LLC boosted its stake in Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock valued at $325,000 after buying an additional 9,754 shares in the last quarter. 54.55% 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.
Receive News & Ratings for Sequential Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.