Analysts expect Sequential Brands Group, Inc. (NASDAQ:SQBG) to post $43.80 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sequential Brands Group’s earnings, with estimates ranging from $43.54 million to $44.05 million. Sequential Brands Group reported sales of $41.95 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Sequential Brands Group will report full year sales of $43.80 million for the current financial year, with estimates ranging from $173.28 million to $173.75 million. For the next year, analysts forecast that the business will post sales of $183.66 million per share, with estimates ranging from $179.39 million to $187.92 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sequential Brands Group.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.15 million. Sequential Brands Group had a return on equity of 1.29% and a net margin of 0.99%. Sequential Brands Group’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS.

SQBG has been the subject of a number of research analyst reports. Cowen and Company set a $6.00 price target on Sequential Brands Group and gave the company a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a research note on Monday. ValuEngine upgraded Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity set a $6.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $8.00.

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Shares of Sequential Brands Group (SQBG) opened at 2.64 on Friday. The company has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.20. Sequential Brands Group has a 12-month low of $2.55 and a 12-month high of $7.33. The company has a market capitalization of $166.02 million, a P/E ratio of 97.78 and a beta of 0.67.

Institutional investors have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. grew its holdings in Sequential Brands Group by 2.8% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,876,134 shares of the textile maker’s stock worth $7,486,000 after acquiring an additional 51,000 shares during the period. Wells Fargo & Company MN grew its holdings in Sequential Brands Group by 15.3% during the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after acquiring an additional 5,482 shares during the period. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Sequential Brands Group by 120.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 110,000 shares of the textile maker’s stock worth $329,000 after acquiring an additional 60,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sequential Brands Group by 1,188.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,684 shares of the textile maker’s stock worth $757,000 after acquiring an additional 179,575 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Sequential Brands Group by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock worth $803,000 after acquiring an additional 2,767 shares during the period. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

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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