Q4 2017 EPS Estimates for Inventure Foods, Inc. (SNAK) Decreased by Analyst

Inventure Foods, Inc. (NASDAQ:SNAK) – Equities researchers at William Blair dropped their Q4 2017 earnings per share estimates for shares of Inventure Foods in a research report issued to clients and investors on Wednesday. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. William Blair also issued estimates for Inventure Foods’ FY2018 earnings at $0.08 EPS.

A number of other brokerages have also recently weighed in on SNAK. Zacks Investment Research upgraded shares of Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Inventure Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th.

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Inventure Foods (SNAK) opened at 3.32 on Friday. The company’s market cap is $65.36 million. Inventure Foods has a 52-week low of $2.96 and a 52-week high of $10.15. The firm’s 50 day moving average is $3.78 and its 200 day moving average is $4.47.

Inventure Foods (NASDAQ:SNAK) last posted its earnings results on Thursday, May 11th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Inventure Foods had a negative return on equity of 32.41% and a negative net margin of 19.06%. The firm had revenue of $49.60 million for the quarter, compared to the consensus estimate of $70.10 million. During the same period in the prior year, the business earned ($0.05) EPS. Inventure Foods’s quarterly revenue was down 13.3% compared to the same quarter last year.

Several large investors have recently bought and sold shares of the stock. KCG Holdings Inc. boosted its stake in Inventure Foods by 116.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after buying an additional 14,032 shares during the last quarter. Bourgeon Capital Management LLC purchased a new stake in Inventure Foods during the first quarter worth approximately $133,000. Symons Capital Management Inc. purchased a new stake in Inventure Foods during the first quarter worth approximately $168,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Inventure Foods during the second quarter worth approximately $216,000. Finally, OppenheimerFunds Inc. purchased a new stake in Inventure Foods during the first quarter worth approximately $228,000. Hedge funds and other institutional investors own 81.75% of the company’s stock.

About Inventure Foods

Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.

Earnings History and Estimates for Inventure Foods (NASDAQ:SNAK)

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