Iconix Brand Group (ICON) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Iconix Brand Group (NASDAQ:ICON) issued its quarterly earnings data on Tuesday. The brand management company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04, Morningstar.com reports. Iconix Brand Group had a negative net margin of 50.92% and a negative return on equity of 30.83%. The firm had revenue of $35.94 million for the quarter.
Shares of ICON stock traded down $0.01 during trading hours on Wednesday, hitting $1.16. The company had a trading volume of 5,508 shares, compared to its average volume of 890,996. Iconix Brand Group has a fifty-two week low of $0.70 and a fifty-two week high of $8.50.
Separately, ValuEngine lowered shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
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Iconix Brand Group Company Profile
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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