Zacks: Analysts Expect Craft Brew Alliance, Inc. (BREW) to Announce -$0.01 Earnings Per Share
Equities research analysts expect Craft Brew Alliance, Inc. (NASDAQ:BREW) to post earnings per share of ($0.01) for the current quarter, according to Zacks. Zero analysts have issued estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance posted earnings of $0.12 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 108.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that Craft Brew Alliance will report full year earnings of ($0.05) per share for the current year. For the next year, analysts expect that the business will post earnings of $0.14 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Craft Brew Alliance.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. The firm had revenue of $44.30 million during the quarter. Craft Brew Alliance had a net margin of 0.53% and a return on equity of 1.25%.
Separately, Zacks Investment Research downgraded shares of Craft Brew Alliance from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.00.
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Craft Brew Alliance (BREW) traded up 2.54% during mid-day trading on Thursday, hitting $18.15. 295,772 shares of the stock were exchanged. The company has a market capitalization of $349.61 million, a PE ratio of 318.42 and a beta of 0.47. Craft Brew Alliance has a 52 week low of $10.89 and a 52 week high of $22.40. The stock’s 50-day moving average is $17.09 and its 200 day moving average is $15.37.
A number of large investors have recently added to or reduced their stakes in BREW. Kennedy Capital Management Inc. increased its stake in Craft Brew Alliance by 181.4% in the first quarter. Kennedy Capital Management Inc. now owns 279,001 shares of the company’s stock valued at $3,725,000 after buying an additional 179,850 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in Craft Brew Alliance during the first quarter valued at approximately $2,063,000. Cannell Capital LLC acquired a new stake in Craft Brew Alliance during the first quarter valued at approximately $1,906,000. Dimensional Fund Advisors LP increased its stake in Craft Brew Alliance by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,225,242 shares of the company’s stock valued at $20,707,000 after buying an additional 50,895 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Craft Brew Alliance during the fourth quarter valued at approximately $554,000. 31.80% of the stock is currently owned by institutional investors and hedge funds.
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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