Wall Street brokerages predict that Amplify Snack Brands, inc. (NYSE:BETR) will post $99.97 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Amplify Snack Brands, inc.’s earnings. The highest sales estimate is $101.70 million and the lowest is $97.70 million. Amplify Snack Brands, inc. reported sales of $67.98 million in the same quarter last year, which indicates a positive year-over-year growth rate of 47.1%. The firm is expected to issue its next earnings results on Monday, November 13th.

On average, analysts expect that Amplify Snack Brands, inc. will report full year sales of $99.97 million for the current financial year, with estimates ranging from $384.04 million to $394.10 million. For the next financial year, analysts expect that the company will post sales of $436.17 million per share, with estimates ranging from $403.24 million to $482.80 million. Zacks Investment Research’s sales calculations 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 announced its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $101.00 million during the quarter, compared to analyst estimates of $98.99 million. During the same period in the previous year, the business posted $0.15 earnings per share. Amplify Snack Brands, inc.’s revenue for the quarter was up 68.6% on a year-over-year basis.

BETR has been the subject of a number of research analyst reports. BidaskClub raised shares of Amplify Snack Brands, inc. from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Amplify Snack Brands, inc. in a report on Thursday, August 31st. Zacks Investment Research lowered shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Wedbush reaffirmed a “hold” rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Finally, TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.25.

Shares of Amplify Snack Brands, inc. (BETR) traded down 1.42% during midday trading on Monday, reaching $6.95. 546,762 shares of the company’s stock traded hands. The firm has a market capitalization of $533.49 million, a PE ratio of 50.00 and a beta of 2.18. Amplify Snack Brands, inc. has a one year low of $6.89 and a one year high of $16.96. The stock’s 50-day moving average price is $7.04 and its 200 day moving average price is $8.66.

In related news, CEO Thomas C. Ennis sold 50,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total value of $485,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian Goldberg sold 20,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $10.03, for a total transaction of $200,600.00. Following the completion of the transaction, the chief financial officer now directly owns 1,393,866 shares of the company’s stock, valued at $13,980,475.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 268,000 shares of company stock valued at $2,475,740. 57.40% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its holdings in shares of Amplify Snack Brands, inc. by 3.0% in the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock valued at $30,636,000 after purchasing an additional 91,157 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amplify Snack Brands, inc. by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after purchasing an additional 195,433 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Amplify Snack Brands, inc. by 65.7% in the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after purchasing an additional 825,720 shares in the last quarter. Janus Capital Management LLC purchased a new position in shares of Amplify Snack Brands, inc. in the first quarter valued at $15,370,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Amplify Snack Brands, inc. in the second quarter valued at $12,611,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

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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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