Sequential Brands Group (NASDAQ:SQBG) posted its quarterly earnings results on Wednesday, March 6th. The textile maker reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.03), MarketWatch Earnings reports. The company had revenue of $48.87 million for the quarter, compared to analysts’ expectations of $52.85 million. Sequential Brands Group had a positive return on equity of 6.00% and a negative net margin of 6.17%.
Shares of SQBG traded up $0.01 during mid-day trading on Thursday, hitting $1.19. The company’s stock had a trading volume of 76,360 shares, compared to its average volume of 1,812,524. The stock has a market capitalization of $76.13 million, a P/E ratio of 3.61, a P/E/G ratio of 0.18 and a beta of 1.02. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.64 and a quick ratio of 1.64. Sequential Brands Group has a fifty-two week low of $0.67 and a fifty-two week high of $2.49.
In other news, major shareholder Prescott Group Capital Managem bought 220,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were acquired at an average cost of $1.47 per share, with a total value of $323,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders bought 1,616,402 shares of company stock worth $1,340,708. 29.80% of the stock is currently owned by insiders.
SQBG has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. ValuEngine raised shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.
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About Sequential Brands Group
Sequential Brands Group, Inc owns, promotes, markets, and licenses a portfolio of consumer brands in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, and home goods categories under the Jessica Simpson, AND1, Avia, GAIAM, Joe's Jeans, Ellen Tracy, Emeril Lagasse, William Rast, Heelys, Revo, Caribbean Joe, DVS, The Franklin Mint, Linens N Things, SPRI, Nevados, and FUL brand names; and food, wine, magazines, books, and other print and digital content categories under the Martha Stewart brand name.
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