Revenue Update on Stage Stores Inc(NYSE:SSI)

Stage Stores Inc(NYSE:SSI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $338.38M. Analysts estimated a revenue of $347.07M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.05.

Stage Stores Inc (SSI) made into the market gainers list on Mondays trading session with the shares advancing 4.99% or 0.28 points. Due to strong positive momentum, the stock ended at $5.89, which is also near the day’s high of $5.915. The stock began the session at $5.68 and the volume stood at 4,23,030 shares. The 52-week high of the shares is $11.34 and the 52 week low is $4.44. The company has a current market capitalization of $159 M and it has 2,70,69,602 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Russ Ii Lundy (EVP, Chief Stores Officer) purchased 4,000 shares at $5.18 per share price.Also, On May 23, 2016, Richard E Stasyszen (SVP, Finance and Controller) purchased 5,000 shares at $5.10 per share price.On May 23, 2016, Earl J Hesterberg (director) purchased 15,000 shares at $4.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Stage Stores Inc. (Stage Stores) operates primarily in small and mid-sized towns and communities. Its stores which operate under the Bealls Goody’s Palais Royal Peebles and Stage names offer moderately priced nationally recognized brand name apparel accessories cosmetics and footwear for the entire family. The Company operates approximately 850 stores in 40 states.

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