Iconix Brand Group (ICON) Posts Earnings Results, Beats Estimates By $0.04 EPS
Iconix Brand Group (NASDAQ:ICON) issued its quarterly earnings results on Tuesday. The brand management company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04, Morningstar.com reports. Iconix Brand Group had a negative return on equity of 30.83% and a negative net margin of 50.92%. The firm had revenue of $35.94 million for the quarter.
Shares of NASDAQ:ICON traded down $0.01 during midday trading on Wednesday, reaching $1.17. 5,408 shares of the company traded hands, compared to its average volume of 890,996. Iconix Brand Group has a 12 month low of $0.70 and a 12 month high of $8.50.
Several large investors have recently added to or reduced their stakes in ICON. Vanguard Group Inc raised its stake in shares of Iconix Brand Group by 17.9% during the 3rd quarter. Vanguard Group Inc now owns 4,461,444 shares of the brand management company’s stock valued at $1,384,000 after purchasing an additional 676,877 shares during the period. Vanguard Group Inc. raised its stake in shares of Iconix Brand Group by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock valued at $1,384,000 after purchasing an additional 676,877 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Iconix Brand Group by 1,020.2% during the 3rd quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock valued at $208,000 after purchasing an additional 612,121 shares during the period.
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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, 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.
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