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BETR

Amplify Snack Brands

$9.44

-0.32 (-3.28%)

07:13
08/08/17
08/08
07:13
08/08/17
07:13

Amplify Snack Brands revises FY17 adjusted EPS to 35c-43c from 42c-50c

Consensus 42c. The company updated its FY17 guidance to reflect its year-to-date results and current view on the remainder of the year. For the FY7 the company now expects the following: net sales of $385M to $400M, consensus $402.61M, adjusted EBITDA of $92M to $100M, cash and non-cash interest expense of approximately $43M to $45M, effective tax rate of 37% to 39%, adjusted EPS 35c to 43c, and fully diluted share count of approximately 77M share. As a result of the timing of planned distribution and sales gains across the company's business segments, it expects the rate of year-over-year growth for both sales and profitability to increase as the year progresses. Although the company plans to invest more heavily in marketing behind its North America and International brands in the third quarter, it expects continued margin improvement in the second half of 2017 relative to the first half of 2017.

  • 08

    Aug

BETR Amplify Snack Brands
$9.44

-0.32 (-3.28%)

11/15/16
11/15/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Hold from Buy at Stifel with analyst David Ross citing valuation, as well as concerns about the "still-fragile global economic environment" and the integration of its TNT acquisition. 2. Abercrombie & Fitch (ANF) downgraded to Underperform at FBR Capital while the firm also downgraded American Eagle (AEO) to Market Perform from Outperform. 3. Amplify Snack Brands (BETR) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Outperform at Credit Suisse. 4. BP (BP) downgraded to Outperform from Buy at CLSA while the firm also downgraded ConocoPhillips (COP) to Underperform from Outperform. 5. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying he sees the company's above-peer comps, market share gains, and solid new unit development prospects as being priced in after the 22% jump in the stock from its late October low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/19/16
WEDB
12/19/16
INITIATION
WEDB
Neutral
Amplify Snack Brands initiated with a Neutral at Wedbush
Wedbush analyst Colin Radke initiated Amplify Snacks with a Neutral rating and $9 price target.
01/11/17
CEDG
01/11/17
UPGRADE
CEDG
Outperform
Amplify Snack Brands upgraded to Outperform from Neutral at Consumer Edge
02/13/17
CHLM
02/13/17
INITIATION
Target $11
CHLM
Hold
Amplify Snack Brands initiated with a Hold at Craig-Hallum
Craig-Hallum analyst Tom Erickson started Amplify Snack Brands with a Hold rating and $11 price target. The current valuation is not compelling and the company's levered balance sheet "demands precision over the course of 2017," the analyst contends.

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