Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Iconix Brand Group (ICON) Share Price
News articles about Iconix Brand Group (NASDAQ:ICON) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iconix Brand Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the brand management company an impact score of 45.9015295646898 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Technical Facts to Know Iconix Brand Group, Inc. (ICON) moves 6.42% away from One Year Low – Voice Of Analysts (analystsbuzz.com)
- Iconix Brand Group Extends Maturity of Variable Funding Notes to … – PR Newswire (press release) (prnewswire.com)
- Iconix Brand : Extends Maturity of Variable Funding Notes to January 2020 (4-traders.com)
- Iconix Brand Group Extends Maturity of Variable Funding Notes to January 2020 (finance.yahoo.com)
- Iconix Brand Group, Inc. (ICON) Reached a 52-Week Low – Modern Readers (modernreaders.com)
Shares of Iconix Brand Group (NASDAQ ICON) traded up 3.04% on Friday, hitting $5.43. The company’s stock had a trading volume of 311,029 shares. The company has a 50 day moving average of $6.13 and a 200 day moving average of $6.98. The firm’s market cap is $310.00 million. Iconix Brand Group has a 1-year low of $4.79 and a 1-year high of $10.80.
Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The business had revenue of $64.60 million for the quarter, compared to the consensus estimate of $61 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was down 32.5% compared to the same quarter last year. Equities analysts forecast that Iconix Brand Group will post $0.67 EPS for the current year.
Several research analysts have commented on ICON shares. Roth Capital set a $13.00 price target on Iconix Brand Group and gave the stock a “buy” rating in a research report on Thursday, May 11th. FBR & Co reaffirmed an “outperform” rating and set a $8.50 price target on shares of Iconix Brand Group in a research report on Tuesday, July 11th. BidaskClub lowered Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Cowen and Company set a $9.00 price target on Iconix Brand Group and gave the stock a “hold” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.00.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/25/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-iconix-brand-group-icon-share-price.html.
Iconix Brand Group Company Profile
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.
Receive News & Stock Ratings for Iconix Brand Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group Inc. and related stocks with our FREE daily email newsletter.