Amplify Snack Brands, inc. (NYSE:BETR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.35-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $385-400 million, compared to the consensus revenue estimate of $402.60 million.

Shares of Amplify Snack Brands, inc. (NYSE BETR) opened at 9.44 on Tuesday. Amplify Snack Brands, inc. has a 12 month low of $7.86 and a 12 month high of $17.53. The firm has a market cap of $701.32 million, a PE ratio of 37.02 and a beta of 2.04. The company’s 50 day moving average is $9.69 and its 200-day moving average is $9.33.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The business had revenue of $101 million during the quarter, compared to analysts’ expectations of $98.99 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. Amplify Snack Brands, inc.’s revenue was up 68.6% compared to the same quarter last year. Equities research analysts predict that Amplify Snack Brands, inc. will post $0.42 EPS for the current year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Amplify Snack Brands, inc. from a buy rating to a hold rating in a research report on Friday, July 14th. TheStreet raised Amplify Snack Brands, inc. from a d+ rating to a c rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $12.00 target price on Amplify Snack Brands, inc. and gave the stock a buy rating in a research note on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $14.61.

In other news, Director Andrew S. Friedman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $9.43, for a total value of $56,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew S. Friedman sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $9.48, for a total value of $113,760.00. The disclosure for this sale can be found here. Insiders sold 268,000 shares of company stock valued at $2,571,340 in the last ninety days. 57.40% of the stock is currently owned by insiders.

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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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