News headlines about Sequential Brands Group (NASDAQ:SQBG) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sequential Brands Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 46.7882650340011 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
SQBG stock traded down $0.08 during midday trading on Friday, reaching $1.85. 110,994 shares of the company’s stock traded hands, compared to its average volume of 127,033. Sequential Brands Group has a 52-week low of $1.36 and a 52-week high of $4.08. The stock has a market cap of $122.26, a P/E ratio of 4.20, a P/E/G ratio of 0.23 and a beta of -0.32. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.70.
Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Wednesday, February 28th. The textile maker reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Sequential Brands Group had a negative net margin of 110.90% and a positive return on equity of 4.28%. The business had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $46.58 million. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. equities analysts forecast that Sequential Brands Group will post 0.55 earnings per share for the current year.
A number of analysts have commented on SQBG shares. ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Canaccord Genuity set a $2.00 target price on shares of Sequential Brands Group and gave the company a “hold” rating in a report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Sequential Brands Group currently has an average rating of “Hold” and an average price target of $7.00.
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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