Amplify Snack Brands, inc. (BETR) Posts Quarterly Earnings Results, Hits Estimates
Amplify Snack Brands, inc. (NYSE:BETR) posted its earnings results on Monday. The company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08, MarketWatch Earnings reports. The business had revenue of $101 million for the quarter, compared to analyst estimates of $98.99 million. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The business’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS.
Amplify Snack Brands, inc. (BETR) opened at 9.44 on Tuesday. The firm has a market cap of $701.32 million, a price-to-earnings ratio of 37.02 and a beta of 2.04. The firm has a 50-day moving average of $9.69 and a 200-day moving average of $9.33. Amplify Snack Brands, inc. has a one year low of $7.86 and a one year high of $17.53.
In related news, Director Pamela L. Netzky sold 35,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $10.02, for a total value of $350,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Goldberg sold 20,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $10.03, for a total transaction of $200,600.00. Following the completion of the transaction, the chief financial officer now owns 1,393,866 shares in the company, valued at $13,980,475.98. The disclosure for this sale can be found here. Insiders sold a total of 268,000 shares of company stock worth $2,571,340 over the last quarter. 57.40% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, TheStreet upgraded shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Amplify Snack Brands, inc. has an average rating of “Hold” and a consensus target price of $14.61.
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Amplify Snack Brands, inc. Company Profile
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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