Q4 2016 Earnings Forecast for Iconix Brand Group Inc. Issued By Roth Capital (ICON)
Iconix Brand Group Inc. (NASDAQ:ICON) – Equities research analysts at Roth Capital lowered their Q4 2016 EPS estimates for Iconix Brand Group in a report issued on Wednesday. Roth Capital analyst D. King now forecasts that the brokerage will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.18. Roth Capital also issued estimates for Iconix Brand Group’s Q3 2017 earnings at $0.31 EPS and Q4 2017 earnings at $0.27 EPS.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, August 16th. Guggenheim initiated coverage on Iconix Brand Group in a report on Friday, September 30th. They issued a “neutral” rating for the company.
Iconix Brand Group (NASDAQ:ICON) opened at 8.96 on Thursday. The stock’s market capitalization is $502.89 million. Iconix Brand Group has a 52-week low of $4.67 and a 52-week high of $10.30. The company has a 50-day moving average of $8.03 and a 200-day moving average of $7.81.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Iconix Brand Group had a negative net margin of 57.88% and a positive return on equity of 8.88%. The firm had revenue of $90.90 million for the quarter, compared to analyst estimates of $89.34 million. During the same period last year, the firm posted $0.09 EPS. Iconix Brand Group’s quarterly revenue was down .4% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the stock. Huber Capital Management LLC boosted its position in Iconix Brand Group by 12.1% in the third quarter. Huber Capital Management LLC now owns 6,423,666 shares of the company’s stock valued at $52,160,000 after buying an additional 692,528 shares during the period. Vanguard Group Inc. boosted its position in Iconix Brand Group by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,655,587 shares of the company’s stock valued at $24,712,000 after buying an additional 108,604 shares during the period. State Street Corp boosted its position in Iconix Brand Group by 6.8% in the second quarter. State Street Corp now owns 1,086,459 shares of the company’s stock valued at $7,340,000 after buying an additional 68,849 shares during the period. Northern Trust Corp boosted its position in Iconix Brand Group by 30.5% in the third quarter. Northern Trust Corp now owns 957,176 shares of the company’s stock valued at $7,772,000 after buying an additional 223,665 shares during the period. Finally, Prudential Financial Inc. boosted its position in Iconix Brand Group by 5.2% in the third quarter. Prudential Financial Inc. now owns 707,909 shares of the company’s stock valued at $5,748,000 after buying an additional 34,960 shares during the period. Institutional investors own 80.04% of the company’s stock.
About Iconix Brand Group
Iconix Brand Group, Inc is a brand management company. The Company owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and corporate. 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, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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