FY2018 EPS Estimates for Eastside Distilling, Inc. (ESDI) Boosted by Zacks Investment Research
Eastside Distilling, Inc. (NASDAQ:ESDI) – Zacks Investment Research boosted their FY2018 earnings per share (EPS) estimates for Eastside Distilling in a research note issued on Monday. Zacks Investment Research analyst I. Gilson now anticipates that the company will earn ($0.39) per share for the year, up from their prior forecast of ($0.43). Zacks Investment Research also issued estimates for Eastside Distilling’s Q4 2018 earnings at ($0.06) EPS and FY2019 earnings at $0.08 EPS.
A number of other analysts have also recently issued reports on ESDI. ValuEngine raised Eastside Distilling from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Roth Capital assumed coverage on shares of Eastside Distilling in a research note on Friday, September 15th. They set a “buy” rating and a $7.00 price target for the company.
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Eastside Distilling (ESDI) traded up 1.76% on Wednesday, hitting $4.04. 3,750 shares of the stock traded hands. Eastside Distilling has a 12-month low of $3.35 and a 12-month high of $12.00. The company’s 50 day moving average price is $3.92 and its 200-day moving average price is $3.78. The stock’s market capitalization is $13.50 million.
In other Eastside Distilling news, Chairman Grover T. Wickersham purchased 7,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $3.89 per share, with a total value of $27,230.00. Following the acquisition, the chairman now directly owns 97,114 shares of the company’s stock, valued at approximately $377,773.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Grover T. Wickersham purchased 55,555 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $4.49 per share, with a total value of $249,441.95. The disclosure for this purchase can be found here. Insiders have bought a total of 128,281 shares of company stock valued at $571,782 over the last ninety days. Company insiders own 19.07% of the company’s stock.
About Eastside Distilling
Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.
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