Sequential Brands Group, Inc. (SQBG) Set to Announce Earnings on Wednesday
Sequential Brands Group, Inc. (NASDAQ:SQBG) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Sequential Brands Group to post earnings of $0.14 per share for the quarter.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.15 million. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. Sequential Brands Group’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, analysts expect Sequential Brands Group to post $0.52 EPS for the current fiscal year and $0.65 EPS for the next fiscal year.
Shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) opened at 2.66 on Wednesday. Sequential Brands Group, Inc. has a 12-month low of $2.55 and a 12-month high of $7.45. The company has a market cap of $167.27 million, a PE ratio of 98.52 and a beta of 0.67. The company has a 50 day moving average of $2.84 and a 200-day moving average of $3.20.
An institutional investor recently raised its position in Sequential Brands Group stock. State Street Corp grew its holdings in Sequential Brands Group, Inc. (NASDAQ:SQBG) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 649,955 shares of the textile maker’s stock after acquiring an additional 36,507 shares during the period. State Street Corp owned 1.03% of Sequential Brands Group worth $2,592,000 as of its most recent SEC filing. 52.10% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Roth Capital set a $4.00 price objective on shares of Sequential Brands Group and gave the company a “buy” rating in a research report on Friday, July 28th. CL King downgraded shares of Sequential Brands Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Cowen and Company restated a “hold” rating and set a $6.00 price objective on shares of Sequential Brands Group in a research report on Thursday, September 28th. Finally, Canaccord Genuity set a $6.00 price objective on shares of Sequential Brands Group and gave the company a “buy” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.00.
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.
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