Revenue Update on Iconix Brand Group Inc(NASDAQ:ICON)

Iconix Brand Group Inc(NASDAQ:ICON) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $87.142M. Analysts estimated a revenue of $84.400M. The revenues were 3.25% above the estimates. Earnings per share were $0.38. The reported EPS was above estimates by 280%. Analysts had estimated an EPS of $0.1.

Iconix Brand Group Inc (ICON) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.33% at a volume of 7,51,509. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.19. The peak price level was also seen at $9.19 while the days lowest was $8.855. Finally the shares closed at $9.18. The 52-week high of the shares is $10.8 while the 52-week low is $6.26. According to the latest information available, the market cap of the company is $515 M.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, David Blumberg (EVP – Chief Strategy Officer) sold 11,000 shares at $7.61 per share price.Also, On May 11, 2016, F Peter Cuneo (Executive Chairman) purchased 50,000 shares at $7.99 per share price.On Apr 15, 2016, Plc Barclays (10% owner) purchased 3,000 shares at $8.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Iconix Brand Group Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s men’s entertainment and home. The Company’s brand portfolio includes Candie’s Bongo Badgley Mischka Joe Boxer Rampage Mudd London Fog Mossimo Ocean Pacific (OP) Danskin Rocawear Cannon Royal Velvet Fieldcrest Charisma Starter Waverly Zoo York Sharper Image Umbro Lee Cooper Ecko Unltd. Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger Material Girl Peanuts Ed Hardy Truth or Dare Billionaire Boys Club Ice Cream Modern Amusement Buffalo Nick Graham Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products including apparel footwear fashion accessories sportswear home products and decor and beauty and fragrance and in the case of its Sharper Image brand consumer electronics and novelty products.

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