Sequential Brands Group (NASDAQ:SQBG) Earning Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Sequential Brands Group (NASDAQ:SQBG) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sequential Brands Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 45.6111984137927 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Sequential Brands Group (NASDAQ SQBG) opened at 2.74 on Monday. The firm has a 50-day moving average price of $3.30 and a 200-day moving average price of $3.60. Sequential Brands Group has a 1-year low of $2.63 and a 1-year high of $8.49. The firm has a market capitalization of $172.30 million, a PE ratio of 101.48 and a beta of 0.64.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Sequential Brands Group had a return on equity of 1.29% and a net margin of 0.99%. The firm had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.15 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. Equities analysts expect that Sequential Brands Group will post $0.52 earnings per share for the current fiscal year.
SQBG has been the subject of a number of analyst reports. Zacks Investment Research raised Sequential Brands Group from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Thursday, June 29th. Wunderlich lifted their price objective on Sequential Brands Group from $9.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. 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, May 4th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Roth Capital set a $4.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sequential Brands Group has an average rating of “Buy” and an average target price of $9.06.
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About Sequential Brands Group
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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