Sequential Brands Group Inc (SQBG) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.00. The company posted revenue of $34.01 million in the period, compared to analysts expectations of $27.79 million. The company’s revenue was up 149.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Sequential Brands Group Inc opened for trading at $5.63 and hit $6.25 on the upside on Wednesday, eventually ending the session at $6.08, with a gain of 7.23% or 0.41 points. The heightened volatility saw the trading volume jump to 3,36,418 shares. Company has a market cap of $376 M.
In a different news, on Nov 27, 2015, Yehuda Shmidman (Chief Executive Officer) sold 4,057 shares at $9.85 per share price. According to the SEC, on Nov 23, 2015, Al Gossett (director) purchased 25,000 shares at $9.96 per share price. On May 6, 2015, Leonard Jr Stewart (director) purchased 10,000 shares at $12.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Sequential Brands Group Inc. formerly Singer Madeline Holdings Inc. owns a portfolio of consumer brands in the fashion active and lifestyle categories. The Company promotes markets and licenses these brands and intends to pursue acquisitions of additional brands or rights to brands. The Company’s brands include JOE’S which offers casual chic lifestyle brand synonymous with classic modernized wardrobe staples; Ellen Tracy; Martha Stewart; Jessica Simpson which offers footwear apparel fragrance fashion accessories maternity apparel girls’ clothing and accessories; AND1; REVO; William Rast which offers sportswear outerwear and leathers; Emeril Lagasse; Heelys which offers wheeled categories bags backpacks and back-to-school accessories; CARIBBEAN JOE; Avia which offers products ranging from footwear to serious athletes and DVS which offers footwear brand.