Revenue Update on Summer Infant(NASDAQ:SUMR)

Summer Infant(NASDAQ:SUMR) 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 $45.531M. Analysts estimated a revenue of $48.870M. The revenues were -6.83% below the estimates. Earnings per share were $-0.08. The reported EPS was below estimates by -500%. Analysts had estimated an EPS of $0.02.

Summer Infant (SUMR) made into the market gainers list on Wednesdays trading session with the shares advancing 3.68% or 0.07 points. Due to strong positive momentum, the stock ended at $1.97, which is also near the day’s high of $1.98. The stock began the session at $1.92 and the volume stood at 34,914 shares. The 52-week high of the shares is $2.44 and the 52 week low is $1.22. The company has a current market capitalization of $36 M and it has 1,84,99,985 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 9, 2016, Mark Messner (CEO) purchased 10,000 shares at $1.89 per share price.Also, On Nov 15, 2016, Robin L Marino (director) purchased 27,005 shares at $1.89 per share price.On Sep 14, 2016, William E Jr Mote (Chief Financial Officer) sold 3,500 shares at $2.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Summer Infant Inc. (Summer) is a juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0-3 years) that deliver a range of parenting solutions to families. The Company focuses on providing products to meet the lifestyle and demands of families who seek more opportunities to connect with their children. The Company sells products globally to national retailers as well as independent retailers and on the Internet through third-party Websites and its own Website. The Company’s portfolio of brands under which the Company markets all of its core products includes Summer Born Free and SwaddleMe. The Company markets over 1100 products in the categories including monitoring safety nursery baby gear and feeding products.

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