Boston Beer (SAM) Announces Quarterly Earnings Results, Misses Estimates By $0.18 EPS
Boston Beer (NYSE:SAM) released its earnings data on Tuesday. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by $0.18, American Banking News.com reports. The company had revenue of $205.40 million for the quarter, compared to the consensus estimate of $193.29 million. Boston Beer updated its FY14 guidance to $6.00-6.40 EPS.
Boston Beer (NYSE:SAM) traded up 1.04% during mid-day trading on Tuesday, hitting $235.18. 204,490 shares of the company’s stock traded hands. Boston Beer has a 52 week low of $143.42 and a 52 week high of $265.53. The stock has a 50-day moving average of $218.2 and a 200-day moving average of $229.9. The company has a market cap of $2.995 billion and a P/E ratio of 45.66.
In other Boston Beer news, major shareholder C James Koch sold 1,000 shares of Boston Beer stock on the open market in a transaction dated Monday, February 24th. The stock was sold at an average price of $230.00, for a total value of $230,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.