$98.81 Million in Sales Expected for Amplify Snack Brands, inc. (BETR) This Quarter

Wall Street analysts predict that Amplify Snack Brands, inc. (NYSE:BETR) will announce sales of $98.81 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Amplify Snack Brands, inc.’s earnings. The lowest sales estimate is $95.30 million and the highest is $101.70 million. Amplify Snack Brands, inc. reported sales of $67.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 45.4%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, November 7th.

According to Zacks, analysts expect that Amplify Snack Brands, inc. will report full year sales of $98.81 million for the current financial year, with estimates ranging from $384.04 million to $394.10 million. For the next fiscal year, analysts expect that the firm will report sales of $433.55 million per share, with estimates ranging from $403.24 million to $482.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Amplify Snack Brands, inc..

Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The company had revenue of $101.00 million during the quarter, compared to analysts’ expectations of $98.99 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 68.6% on a year-over-year basis.

A number of research firms have recently issued reports on BETR. BidaskClub lowered 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 upgraded shares of Amplify Snack Brands, inc. from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. TheStreet upgraded 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 price target on shares of Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.90.

Amplify Snack Brands, inc. (NYSE BETR) opened at 7.36 on Wednesday. The firm has a market cap of $550.08 million, a PE ratio of 48.74 and a beta of 2.17. The firm’s 50-day moving average is $7.18 and its 200 day moving average is $7.18. Amplify Snack Brands, inc. has a 12-month low of $6.09 and a 12-month high of $15.76.

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In other Amplify Snack Brands, inc. news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total value of $280,400.00. Following the completion of the transaction, the insider now owns 1,313,866 shares of the company’s stock, valued at $9,210,200.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 57.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in Amplify Snack Brands, inc. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after purchasing an additional 1,667 shares during the period. Verition Fund Management LLC acquired a new position in shares of Amplify Snack Brands, inc. during the second quarter valued at $119,000. American International Group Inc. boosted its holdings in shares of Amplify Snack Brands, inc. by 7.1% during the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock valued at $151,000 after acquiring an additional 1,186 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Amplify Snack Brands, inc. by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock valued at $174,000 after acquiring an additional 1,391 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Amplify Snack Brands, inc. by 63.9% during the second quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock valued at $184,000 after acquiring an additional 7,438 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

Amplify Snack Brands, inc. Company Profile

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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