Iconix Brand Group (ICON) Given News Sentiment Rating of 0.21

Media headlines about Iconix Brand Group (NASDAQ:ICON) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iconix Brand Group earned a news impact score of 0.21 on Accern’s scale. Accern also gave news coverage about the brand management company an impact score of 45.7438472513156 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

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Shares of Iconix Brand Group stock traded up $0.04 during trading on Monday, hitting $1.05. 737,461 shares of the stock traded hands, compared to its average volume of 2,280,680. The firm has a market cap of $64.42, a price-to-earnings ratio of 1.35 and a beta of 1.13. The company has a debt-to-equity ratio of -14.84, a current ratio of 2.07 and a quick ratio of 2.07. Iconix Brand Group has a twelve month low of $0.96 and a twelve month high of $8.30.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Wednesday, March 14th. The brand management company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. The business had revenue of $52.30 million during the quarter, compared to analyst estimates of $51.50 million. Iconix Brand Group had a positive return on equity of 20.17% and a negative net margin of 217.71%. During the same period in the previous year, the company earned $0.38 EPS. equities research analysts predict that Iconix Brand Group will post 0.4 earnings per share for the current year.

ICON has been the subject of a number of research reports. Zacks Investment Research lowered Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Roth Capital set a $2.00 price objective on Iconix Brand Group and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Guggenheim restated a “hold” rating on shares of Iconix Brand Group in a research report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.00.

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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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