Amplify Snack Brands, inc. (BETR) Earns Daily Media Sentiment Score of 0.18
Press coverage about Amplify Snack Brands, inc. (NYSE:BETR) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Amplify Snack Brands, inc. earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2534225350199 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- $99.97 Million in Sales Expected for Amplify Snack Brands, inc. (BETR) This Quarter (americanbankingnews.com)
- Zacks: Analysts Anticipate Amplify Snack Brands, inc. (BETR) to Post $0.09 Earnings Per Share (americanbankingnews.com)
- Amplify Snack Brands, inc. (BETR) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- ETFs with exposure to Amplify Snack Brands, Inc. : September 6, 2017 (finance.yahoo.com)
Amplify Snack Brands, inc. (NYSE BETR) traded down 1.97% during mid-day trading on Tuesday, hitting $6.98. 118,620 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.16 and its 200-day moving average price is $8.81. The stock has a market cap of $535.79 million, a PE ratio of 50.22 and a beta of 2.18. Amplify Snack Brands, inc. has a 12 month low of $6.09 and a 12 month high of $17.00.
Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $101.00 million for the quarter, compared to analysts’ expectations of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The business’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Equities analysts expect that Amplify Snack Brands, inc. will post $0.37 EPS for the current fiscal year.
A number of analysts have weighed in on BETR shares. BidaskClub cut shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Wedbush reaffirmed a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research note on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.25.
In related news, CEO Thomas C. Ennis sold 50,000 shares of Amplify Snack Brands, inc. stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total value of $485,000.00. Following the transaction, the chief executive officer now owns 2,930,952 shares in the company, valued at approximately $28,430,234.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew S. Friedman sold 6,000 shares of Amplify Snack Brands, inc. stock in a transaction on Monday, July 10th. The stock was sold at an average price of $9.43, for a total transaction of $56,580.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,000 shares of company stock worth $2,475,740. Corporate insiders own 57.40% of the company’s stock.
About Amplify Snack Brands, inc.
Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.
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