Amplify Snack Brands, inc. (BETR) Updates FY17 Earnings Guidance
Amplify Snack Brands, inc. (NYSE:BETR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.25-0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $375-379 million, compared to the consensus revenue estimate of $386.97 million.
A number of equities analysts have commented on the stock. Jefferies Group LLC set a $10.00 target price on shares of Amplify Snack Brands, inc. and gave the stock a buy rating in a research note on Monday, October 30th. BidaskClub downgraded shares of Amplify Snack Brands, inc. from a hold rating to a sell rating in a research note on Saturday, October 28th. Credit Suisse Group dropped their target price on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a neutral rating on the stock in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. from a sell rating to a hold rating in a research note on Thursday, August 17th. Finally, Wedbush restated a hold rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $9.50.
Shares of Amplify Snack Brands, inc. (NYSE BETR) traded down $0.43 during mid-day trading on Tuesday, reaching $5.98. 1,032,603 shares of the company’s stock were exchanged, compared to its average volume of 330,443. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.16 and a quick ratio of 0.84. Amplify Snack Brands, inc. has a twelve month low of $5.83 and a twelve month high of $14.51. The company has a market cap of $452.78 and a P/E ratio of 20.58.
Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The firm had revenue of $101.00 million for the quarter, compared to the consensus estimate of $98.99 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 68.6% on a year-over-year basis. analysts expect that Amplify Snack Brands, inc. will post 0.34 earnings per share for the current fiscal year.
In other news, insider Brian Goldberg sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total transaction of $280,400.00. Following the transaction, the insider now directly owns 1,313,866 shares in the company, valued at $9,210,200.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 120,000 shares of company stock worth $828,800. Insiders own 57.40% of the company’s stock.
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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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