Iconix Brand Group (ICON) Issues Earnings Results, Misses Estimates By $0.04 EPS
Iconix Brand Group (NASDAQ:ICON) posted its quarterly earnings results on Friday. The brand management company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04), MarketWatch Earnings reports. Iconix Brand Group had a negative return on equity of 52.93% and a negative net margin of 281.71%. The firm had revenue of $46.22 million for the quarter. Iconix Brand Group updated its FY 2018 guidance to EPS.
ICON stock traded down $0.04 during trading on Friday, reaching $0.17. 5,901,328 shares of the stock were exchanged, compared to its average volume of 1,536,186. Iconix Brand Group has a twelve month low of $0.14 and a twelve month high of $2.56. The company has a market cap of $14.35 million, a P/E ratio of 0.40 and a beta of 1.14.
In related news, Chairman F Peter Cuneo sold 179,992 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $0.26, for a total transaction of $46,797.92. Following the transaction, the chairman now directly owns 329,949 shares of the company’s stock, valued at approximately $85,786.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
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About Iconix Brand Group
Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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