Needham & Company Reaffirms Strong-Buy Rating on Kid Brands (KID)
Separately, analysts at Roth Capital downgraded shares of Kid Brands from a “buy” rating to a “neutral” rating in a research note to investors on Monday, April 2nd.
Shares of Kid Brands traded up 4.65% during mid-day trading on Thursday, hitting $2.25. Kid Brands has a 52 week low of $1.96 and a 52 week high of $7.50. The company’s market cap is $49.1 million.
Kid Brands last announced its earnings results on Friday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.09. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. On average, analysts predict that Kid Brands will post $0.06 earnings per share next quarter.
Kid Brands, Inc. (KID), formerly Russ Berrie and Company, Inc., is a designer, importer, marketer and distributor of branded infant and juvenile consumer products.