Zacks: Analysts Anticipate Summer Infant, Inc. (SUMR) to Post $0.04 EPS
Equities research analysts forecast that Summer Infant, Inc. (NASDAQ:SUMR) will announce earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Summer Infant’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Summer Infant posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The business is scheduled to announce its next earnings report on Wednesday, November 1st.
On average, analysts expect that Summer Infant will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.15. For the next year, analysts expect that the business will post earnings of $0.21 per share, with EPS estimates ranging from $0.17 to $0.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Summer Infant.
Summer Infant (NASDAQ:SUMR) last released its earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $52.58 million during the quarter, compared to analysts’ expectations of $46.33 million. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%.
A number of research analysts have recently commented on the company. ValuEngine cut Summer Infant from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Roth Capital set a $3.00 price target on Summer Infant and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Summer Infant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, FBR & Co reiterated an “outperform” rating and issued a $2.50 price target on shares of Summer Infant in a research note on Tuesday, July 11th.
In related news, major shareholder Wynnefield Partners Small Cap bought 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $1.86 per share, with a total value of $27,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC acquired a new stake in Summer Infant during the 2nd quarter worth about $146,000. Kennedy Capital Management Inc. acquired a new stake in Summer Infant during the 2nd quarter worth about $251,000. Renaissance Technologies LLC grew its holdings in Summer Infant by 4.4% during the 1st quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock worth $418,000 after acquiring an additional 9,300 shares during the period. Finally, Wynnefield Capital Inc. grew its holdings in Summer Infant by 1.9% during the 1st quarter. Wynnefield Capital Inc. now owns 5,789,794 shares of the company’s stock worth $11,000,000 after acquiring an additional 110,000 shares during the period. Hedge funds and other institutional investors own 47.62% of the company’s stock.
Summer Infant (NASDAQ:SUMR) remained flat at $1.76 during midday trading on Wednesday. 35,305 shares of the company’s stock traded hands. Summer Infant has a 52-week low of $1.65 and a 52-week high of $2.32. The firm’s market capitalization is $32.72 million. The stock’s 50-day moving average price is $1.94 and its 200-day moving average price is $1.84.
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About Summer Infant
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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