Craft Brew Alliance, Inc. (NASDAQ:BREW) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $60.55 million for the quarter, compared to analyst estimates of $58.54 million. Craft Brew Alliance had a return on equity of 0.80% and a net margin of 0.27%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts expect Craft Brew Alliance to post $0.09 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.
Craft Brew Alliance, Inc. (BREW) opened at 17.45 on Monday. The company’s 50-day moving average is $17.85 and its 200-day moving average is $16.97. Craft Brew Alliance, Inc. has a 52-week low of $12.00 and a 52-week high of $19.20. The firm has a market capitalization of $336.66 million, a price-to-earnings ratio of 646.30 and a beta of 0.51.
BREW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 18th. Cowen and Company restated a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a report on Tuesday, September 12th. ValuEngine downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Susquehanna Bancshares Inc began coverage on shares of Craft Brew Alliance in a report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.00.
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In other Craft Brew Alliance news, CEO Andrew J. Thomas sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.14, for a total transaction of $72,560.00. Following the completion of the transaction, the chief executive officer now directly owns 7,834 shares in the company, valued at approximately $142,108.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.
About Craft Brew Alliance
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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