Summer Infant Upgraded by Sidoti to Buy (SUMR)
Summer Infant traded up 11.64% on Wednesday, hitting $2.59. Summer Infant has a 52-week low of $1.21 and a 52-week high of $6.34. The stock’s 50-day moving average is currently $1.96. The company’s market cap is $46.2 million.
Summer Infant last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.12. The company had revenue of $58.50 million for the quarter, compared to the consensus estimate of $56.93 million. During the same quarter last year, the company posted $0.08 earnings per share. Summer Infant’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Summer Infant will post $0.27 earnings per share for the current fiscal year.
SUMR has been the subject of a number of other recent research reports. Analysts at Needham & Company upgraded shares of Summer Infant from a “buy” rating to a “strong-buy” rating in a research note to investors on Wednesday. They now have a $4.00 price target on the stock. Analysts at Zacks upgraded shares of Summer Infant from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 15th. They now have a $2.00 price target on the stock.
Summer Infant, Inc. is a designer, marketer, and distributor of juvenile health, safety and wellness products, which are sold to North American and the United Kingdom retailers.
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