Somewhat Critical Press Coverage Somewhat Unlikely to Affect Summer Infant (SUMR) Stock Price
News headlines about Summer Infant (NASDAQ:SUMR) have been trending somewhat negative on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summer Infant earned a news impact score of -0.04 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5480409650204 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
SUMR has been the subject of several analyst reports. Zacks Investment Research lowered Summer Infant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Roth Capital set a $3.00 target price on Summer Infant and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Summer Infant in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Summer Infant presently has an average rating of “Hold” and an average target price of $2.50.
Shares of Summer Infant (NASDAQ SUMR) traded up $0.01 during trading hours on Tuesday, reaching $1.60. The company had a trading volume of 14,700 shares, compared to its average volume of 45,589. The company has a market cap of $29.60, a price-to-earnings ratio of 159.00 and a beta of -0.17. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.92 and a current ratio of 1.95. Summer Infant has a twelve month low of $1.53 and a twelve month high of $2.32.
Summer Infant (NASDAQ:SUMR) last announced its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Summer Infant had a positive return on equity of 0.43% and a negative net margin of 2.66%. The company had revenue of $43.13 million for the quarter, compared to the consensus estimate of $48.55 million. equities analysts anticipate that Summer Infant will post 0.12 earnings per share for the current fiscal year.
About Summer Infant
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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