Iconix Brand Group, Inc. (NASDAQ:ICON) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $225-235 million, compared to the consensus revenue estimate of $237.99 million.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Iconix Brand Group from a sell rating to a hold rating in a report on Tuesday, April 25th. BidaskClub upgraded Iconix Brand Group from a sell rating to a hold rating in a report on Tuesday, July 25th. Roth Capital set a $13.00 target price on Iconix Brand Group and gave the stock a buy rating in a report on Thursday, May 11th. FBR & Co reiterated an outperform rating and issued a $8.50 target price on shares of Iconix Brand Group in a report on Wednesday, August 9th. Finally, Cowen and Company set a $9.00 target price on Iconix Brand Group and gave the stock a hold rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $10.00.
Shares of Iconix Brand Group, Inc. (ICON) traded down 1.96% during midday trading on Friday, hitting $5.00. The company had a trading volume of 1,123,558 shares. Iconix Brand Group, Inc. has a 12 month low of $4.79 and a 12 month high of $10.80. The company’s market capitalization is $285.46 million. The company has a 50-day moving average of $6.30 and a 200-day moving average of $7.11.
Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $64.60 million during the quarter, compared to analyst estimates of $61 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The company’s quarterly revenue was down 32.5% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. Analysts predict that Iconix Brand Group, Inc. will post $0.67 earnings per share for the current year.
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About Iconix Brand Group
Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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