Research Analysts Issue Forecasts for Inventure Foods, Inc.’s Q4 2017 Earnings (SNAK)
Inventure Foods, Inc. (NASDAQ:SNAK) – Research analysts at William Blair cut their Q4 2017 earnings per share (EPS) estimates for shares of Inventure Foods in a research report issued to clients and investors on Wednesday. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.01. William Blair also issued estimates for Inventure Foods’ FY2018 earnings at $0.08 EPS.
Inventure Foods (NASDAQ:SNAK) last released its earnings results on Thursday, May 11th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $49.60 million during the quarter, compared to the consensus estimate of $70.10 million. Inventure Foods had a negative net margin of 19.06% and a negative return on equity of 32.41%. The company’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. ILLEGAL ACTIVITY NOTICE: “Research Analysts Issue Forecasts for Inventure Foods, Inc.’s Q4 2017 Earnings (SNAK)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/research-analysts-issue-forecasts-for-inventure-foods-inc-s-q4-2017-earnings-snak/1472658.html.
A number of other research analysts have also weighed in on the company. ValuEngine lowered Inventure Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Inventure Foods (NASDAQ:SNAK) traded up 1.26% during midday trading on Friday, reaching $3.21. The company’s stock had a trading volume of 48,540 shares. The firm has a 50 day moving average of $3.80 and a 200 day moving average of $4.49. Inventure Foods has a 52-week low of $2.96 and a 52-week high of $10.15. The firm’s market cap is $63.37 million.
Several hedge funds and other institutional investors have recently bought and sold shares of SNAK. Royce & Associates LP raised its position in Inventure Foods by 38.4% in the second quarter. Royce & Associates LP now owns 1,285,020 shares of the company’s stock worth $5,538,000 after buying an additional 356,549 shares in the last quarter. Thompson Investment Management Inc. raised its position in Inventure Foods by 9.6% in the second quarter. Thompson Investment Management Inc. now owns 159,100 shares of the company’s stock worth $686,000 after buying an additional 14,000 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Inventure Foods by 8.7% in the second quarter. Gamco Investors INC. ET AL now owns 202,829 shares of the company’s stock worth $874,000 after buying an additional 16,300 shares in the last quarter. Teton Advisors Inc. raised its position in Inventure Foods by 6.9% in the second quarter. Teton Advisors Inc. now owns 465,172 shares of the company’s stock worth $2,005,000 after buying an additional 30,000 shares in the last quarter. Finally, LMR Partners LLP bought a new position in Inventure Foods during the second quarter worth $285,000. Institutional investors own 81.75% of the company’s stock.
Inventure Foods Company Profile
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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