Amplify Snack Brands, inc. (NYSE:BETR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.35-0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.42. The company issued revenue guidance of $385-400 million, compared to the consensus revenue estimate of $402.60 million.
A number of research analysts have recently weighed in on the company. TheStreet upgraded Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Amplify Snack Brands, inc. from a hold rating to a sell rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $12.00 price target on Amplify Snack Brands, inc. and gave the company a buy rating in a report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $14.61.
Amplify Snack Brands, inc. (BETR) traded down 9.43% during mid-day trading on Tuesday, reaching $8.55. The company had a trading volume of 158,630 shares. Amplify Snack Brands, inc. has a 12 month low of $7.86 and a 12 month high of $17.53. The stock has a market cap of $635.20 million, a PE ratio of 33.53 and a beta of 2.04. The firm’s 50-day moving average price is $9.69 and its 200-day moving average price is $9.33.
Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $101 million for the quarter, compared to the consensus estimate of $98.99 million. Amplify Snack Brands, inc. had a return on equity of 47.40% and a net margin of 6.39%. The firm’s revenue was up 68.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Equities research analysts forecast that Amplify Snack Brands, inc. will post $0.42 EPS for the current fiscal year.
In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 20,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $10.03, for a total transaction of $200,600.00. Following the completion of the transaction, the chief financial officer now owns 1,393,866 shares in the company, valued at approximately $13,980,475.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pamela L. Netzky sold 35,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $10.02, for a total value of $350,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,000 shares of company stock valued at $2,571,340. Corporate insiders own 57.40% of the company’s stock.
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About Amplify Snack Brands, inc.
Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.
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