Inventure Foods (SNAK) Receiving Somewhat Positive News Coverage, Study Shows
News coverage about Inventure Foods (NASDAQ:SNAK) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Inventure Foods earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.734480514036 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Inventure Foods, Inc. to Post Q3 2017 Earnings of $0.00 Per Share, William Blair Forecasts (NASDAQ:SNAK) (americanbankingnews.com)
- Research Analysts Issue Forecasts for Inventure Foods, Inc.’s Q4 2017 Earnings (NASDAQ:SNAK) (americanbankingnews.com)
- Inventure Foods Reports Second Quarter 2017 Financial Results (finance.yahoo.com)
- Edited Transcript of SNAK earnings conference call or presentation 9-Aug-17 3:00pm GMT (finance.yahoo.com)
Inventure Foods (NASDAQ SNAK) traded up 7.83% on Monday, hitting $3.58. 259,414 shares of the stock were exchanged. Inventure Foods has a 12 month low of $2.96 and a 12 month high of $10.15. The company has a 50-day moving average of $3.78 and a 200 day moving average of $4.47. The firm’s market cap is $70.48 million.
Inventure Foods (NASDAQ:SNAK) last posted its earnings results on Thursday, May 11th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $70.10 million. Inventure Foods had a negative net margin of 19.06% and a negative return on equity of 32.41%. The business’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. Equities research analysts expect that Inventure Foods will post ($0.13) earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. ValuEngine lowered shares of Inventure Foods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Inventure Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
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About Inventure Foods
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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