Revenue Update on Sequential Brands Group Inc(NASDAQ:SQBG)

Sequential Brands Group Inc(NASDAQ:SQBG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $34.15M. Analysts estimated a revenue of $31.01M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.04.

In a different note, On Jun 21, 2016, Brean Capital said it Assumes its rating on Sequential Brands Group Inc. The shares have been rated ‘Buy’ by the firm.

Sequential Brands Group Inc (SQBG) shares turned negative on Thursdays trading session with the shares closing down -0.14 points or -1.94% at a volume of 2,46,493. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.42. The peak price level was also seen at $7.42 while the days lowest was $6.99. Finally the shares closed at $7.07. The 52-week high of the shares is $18.05 while the 52-week low is $5.37. According to the latest information available, the market cap of the company is $439 M.

Several Insider Transactions has been reported to the SEC. On Nov 27, 2015, Yehuda Shmidman (Chief Executive Officer) sold 4,057 shares at $9.85 per share price.Also, 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.

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