Equities analysts expect Summer Infant, Inc. (NASDAQ:SUMR) to report sales of $46.94 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Summer Infant’s earnings, with estimates ranging from $46.33 million to $47.54 million. Summer Infant reported sales of $50.58 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.2%. The company is expected to issue its next earnings report on Tuesday, August 1st.
On average, analysts expect that Summer Infant will report full-year sales of $46.94 million for the current fiscal year, with estimates ranging from $188.16 million to $190.04 million. For the next financial year, analysts forecast that the firm will report sales of $192.63 million per share, with estimates ranging from $192.39 million to $192.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Summer Infant.
Summer Infant (NASDAQ:SUMR) last released its earnings results on Thursday, May 4th. The company reported $0.02 earnings per share for the quarter. Summer Infant had a positive return on equity of 3.96% and a negative net margin of 1.48%. The firm had revenue of $47.34 million for the quarter, compared to analyst estimates of $45.82 million. A number of research firms have commented on SUMR. Zacks Investment Research upgraded Summer Infant from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 6th. Roth Capital set a $3.00 price target on Summer Infant and gave the company a “buy” rating in a research report on Monday, February 27th.
Summer Infant (NASDAQ:SUMR) traded up 1.67% during trading on Wednesday, reaching $1.83. The company’s stock had a trading volume of 47,877 shares. The stock’s market cap is $33.87 million. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.93. Summer Infant has a 52-week low of $1.38 and a 52-week high of $2.44. In related news, Director Stephen Zelkowicz purchased 15,500 shares of Summer Infant stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $1.70 per share, for a total transaction of $26,350.00. Following the transaction, the director now owns 33,064 shares of the company’s stock, valued at approximately $56,208.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Wynnefield Partners Small Cap purchased 26,788 shares of Summer Infant stock in a transaction on Wednesday, March 1st. The stock was bought at an average price of $1.82 per share, for a total transaction of $48,754.16. The disclosure for this purchase can be found here. Insiders acquired a total of 167,253 shares of company stock worth $307,240 in the last quarter. Corporate insiders own 8.40% of the company’s stock.
Several large investors have recently made changes to their positions in SUMR. Geode Capital Management LLC raised its stake in shares of Summer Infant by 0.5% in the first quarter. Geode Capital Management LLC now owns 74,509 shares of the company’s stock valued at $141,000 after buying an additional 372 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Summer Infant during the fourth quarter valued at approximately $283,000. Tiemann Investment Advisors LLC acquired a new stake in shares of Summer Infant during the first quarter valued at approximately $331,000. Renaissance Technologies LLC raised its stake in shares of Summer Infant by 4.4% in the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock valued at $418,000 after buying an additional 9,300 shares during the last quarter. Finally, Wynnefield Capital Inc. raised its stake in shares of Summer Infant by 1.9% in the first quarter. Wynnefield Capital Inc. now owns 5,789,794 shares of the company’s stock valued at $11,000,000 after buying an additional 110,000 shares during the last quarter. Institutional investors own 43.94% of the company’s stock. About Summer Infant
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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