Analysts Expect Amplify Snack Brands, inc. (BETR) to Announce $0.09 Earnings Per Share

Wall Street analysts expect Amplify Snack Brands, inc. (NYSE:BETR) to report earnings of $0.09 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Amplify Snack Brands, inc.’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.10. Amplify Snack Brands, inc. posted earnings per share of $0.12 in the same quarter last year, which would indicate a negative year over year growth rate of 25%. The company is expected to announce its next quarterly earnings report on Monday, November 13th.

On average, analysts expect that Amplify Snack Brands, inc. will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.38. For the next financial year, analysts expect that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.37 to $0.71. Zacks’ EPS calculations are an average based on a survey of research firms that follow Amplify Snack Brands, inc..

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

BETR has been the subject of several recent research reports. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $12.00 price target on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a research report on Saturday, July 29th. TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. Finally, BidaskClub cut shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Amplify Snack Brands, inc. has an average rating of “Hold” and an average price target of $12.25.

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Amplify Snack Brands, inc. (BETR) traded down 1.12% during mid-day trading on Friday, reaching $7.04. The company’s stock had a trading volume of 525,893 shares. Amplify Snack Brands, inc. has a 52 week low of $6.89 and a 52 week high of $16.96. The company’s 50-day moving average price is $7.12 and its 200 day moving average price is $9.60. The firm has a market capitalization of $540.40 million, a price-to-earnings ratio of 50.65 and a beta of 2.18.

In other 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 transaction of $485,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,930,952 shares of the company’s stock, valued at approximately $28,430,234.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew S. Friedman sold 12,000 shares of Amplify Snack Brands, inc. stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $9.48, for a total transaction of $113,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,000 shares of company stock valued at $2,475,740. Corporate insiders own 57.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Amplify Snack Brands, inc. during the 2nd quarter worth $119,000. California State Teachers Retirement System lifted its position in shares of Amplify Snack Brands, inc. by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock worth $565,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Amplify Snack Brands, inc. by 15.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,547 shares of the company’s stock worth $275,000 after purchasing an additional 3,899 shares during the last quarter. State Street Corp lifted its position in shares of Amplify Snack Brands, inc. by 5.4% during the 2nd quarter. State Street Corp now owns 516,751 shares of the company’s stock worth $4,981,000 after purchasing an additional 26,607 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Amplify Snack Brands, inc. during the 2nd quarter worth $12,611,000. 95.86% of the stock is owned by institutional investors and hedge funds.

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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