Revenue Update on Crown Crafts(NASDAQ:CRWS)

Crown Crafts(NASDAQ:CRWS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 9, 2016. Company reported revenue of $25.08M. Analysts estimated a revenue of $23.65M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.23.

Crown Crafts (CRWS) shares turned negative on Tuesdays trading session with the shares closing down -0.1 points or -1.04% at a volume of 8,543. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.64. The peak price level was also seen at $9.64 while the days lowest was $9.345. Finally the shares closed at $9.48. The 52-week high of the shares is $10 while the 52-week low is $7.64. According to the latest information available, the market cap of the company is $95 M.

Several Insider Transactions has been reported to the SEC. On Nov 25, 2015, Patricia Stensrud (director) sold 3,750 shares at $8.50 per share price.Also, On Mar 13, 2015, Stephen Guyer (VP Procurement/Infant Products) sold 17,272 shares at $7.86 per share price.

Crown Crafts Inc. operates indirectly through its wholly owned subsidiaries Crown Crafts Infant Products Inc. (CCIP) and Hamco Inc. (Hamco) in the infant and toddler products segment within the consumer products industry. The infant and toddler products segment consists of infant and toddler bedding bibs soft bath products disposable products and accessories. Sales of the Company’s products are generally made directly to retailers which are primarily mass merchants mid-tier retailers juvenile specialty stores value channel stores grocery and drug stores restaurants Internet accounts and wholesale clubs. The Company’s products are manufactured primarily in Asia and marketed under a variety of Company-owned trademarks under trademarks licensed from others and as private label goods.

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