Boston Beer Company, Inc. (The) (SAM) Set to Announce Quarterly Earnings on Wednesday
Boston Beer Company, Inc. (The) (NYSE:SAM) is set to issue its quarterly earnings data after the market closes on Wednesday, October 18th. Boston Beer Company, Inc. (The) has set its FY17 guidance at $5.00-6.20 EPS.
Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The company had revenue of $247.90 million during the quarter, compared to analyst estimates of $222.74 million. During the same period in the previous year, the business earned $2.06 EPS. Boston Beer Company, Inc. (The)’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts expect Boston Beer Company, Inc. (The) to post $5.87 EPS for the current fiscal year and $6.35 EPS for the next fiscal year.
Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at 168.00 on Wednesday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 23.90 and a beta of 0.56. The firm’s 50-day moving average price is $154.53 and its 200 day moving average price is $144.21. Boston Beer Company, Inc. has a 1-year low of $128.70 and a 1-year high of $180.45.
In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction on Friday, July 28th. The shares were sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 28.50% of the stock is owned by company insiders.
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A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Macquarie assumed coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They set an “underperform” rating and a $140.00 price objective for the company. Credit Suisse Group raised shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $140.00 to $150.00 in a research note on Tuesday, September 26th. Berenberg Bank reissued a “sell” rating and set a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $140.00.
About Boston Beer Company, Inc. (The)
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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