Boston Beer (NYSE:SAM) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Boston Beer has set its FY 2019 guidance at $8.00-9.00 EPS and its FY19 guidance at $8.00-9.00 EPS.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Wednesday, February 20th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.09. Boston Beer had a return on equity of 20.22% and a net margin of 9.12%. The business had revenue of $225.22 million for the quarter, compared to analyst estimates of $227.89 million. During the same period last year, the company earned $2.57 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. On average, analysts expect Boston Beer to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
NYSE:SAM opened at $268.40 on Wednesday. Boston Beer has a 12-month low of $215.05 and a 12-month high of $329.95. The firm has a market capitalization of $3.07 billion, a PE ratio of 35.93, a P/E/G ratio of 3.04 and a beta of 0.56.
In related news, VP David L. Grinnell sold 500 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $312.50, for a total transaction of $156,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John C. Geist sold 8,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $287.20, for a total value of $2,297,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,959 shares of company stock worth $8,115,964 in the last ninety days. 29.20% of the stock is currently owned by company insiders.
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About Boston Beer
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.
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