Revenue Update on Performance Sports Group Ltd(NYSE:PSG)

Performance Sports Group Ltd(NYSE:PSG) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Apr 14, 2016. Earnings per share were $-0.32. Analysts had estimated an EPS of $-0.29.

In a different note, On Mar 28, 2016, Bank of America said it Downgrades its rating on Performance Sports Group Ltd. The shares have been rated ‘Underperform’ by the firm. On Mar 14, 2016, Morgan Stanley said it Downgrades its rating on Performance Sports Group Ltd. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Mar 9, 2016, RBC Capital said it Downgrades its rating on Performance Sports Group Ltd. The shares have been rated ‘Sector Perform’ by the firm. On Mar 9, 2016, Wedbush said it Maintains its rating on Performance Sports Group Ltd. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 9, 2016, Macquarie said it Downgrades its rating on Performance Sports Group Ltd. The shares have been rated ‘Neutral’ by the firm. On Mar 9, 2016, Wunderlich said it Maintains its rating on Performance Sports Group Ltd. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Hold’ by the firm.

Performance Sports Group Ltd (PSG) made into the market gainers list on Mondays trading session with the shares advancing 8.05% or 0.26 points. Due to strong positive momentum, the stock ended at $3.49, which is also near the day’s high of $3.49. The stock began the session at $3.25 and the volume stood at 20,64,881 shares. The 52-week high of the shares is $21.72 and the 52 week low is $2.8. The company has a current market capitalization of $159 M and it has 4,55,66,680 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 28, 2015, Kevin M. Davis (CEO) purchased 10,000 shares at $11.35 per share price.Also, On Sep 11, 2015, Paul Gibson (EVP,Chief Supply Chain Officer) purchased 4,800 shares at $13.01 per share price.On Sep 9, 2015, Paul L. Dachsteiner (VP, Information Services) purchased 3,700 shares at $13.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Performance Sports Group Ltd. is engaged in the design manufacture and distribution of performance sports equipment for ice hockey roller hockey baseball and softball lacrosse as well as related apparel and accessories including soccer apparel. The Company’s segments include Hockey Baseball/Softball and Other Sports. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments which includes the Maverik and Cascade brands for Lacrosse and the Inaria brand for Soccer. The ice hockey products include skates helmets protective gear sticks team apparel and accessories. The roller hockey products include skates helmets protective gear sticks and accessories. The baseball and softball products include bats gloves helmets protective gear apparel and accessories. The lacrosse products include sticks helmets protective gear and apparel.

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