Brokerages Expect New Age Beverages Corp (NBEV) to Announce $0.01 EPS

Shares of New Age Beverages Corp (NASDAQ:NBEV) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $6.50 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given New Age Beverages an industry rank of 197 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on NBEV shares. Zacks Investment Research downgraded shares of New Age Beverages from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Aegis reissued a “buy” rating on shares of New Age Beverages in a research note on Monday, December 4th. Finally, Maxim Group lowered their price target on shares of New Age Beverages from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Friday, November 17th.

New Age Beverages (NBEV) traded up $0.05 on Friday, hitting $3.76. 1,570,000 shares of the stock were exchanged, compared to its average volume of 1,080,000. New Age Beverages has a 12-month low of $1.80 and a 12-month high of $7.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.21 and a quick ratio of 1.26. The stock has a market cap of $131.91, a price-to-earnings ratio of -125.33 and a beta of 3.54.

New Age Beverages (NASDAQ:NBEV) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). New Age Beverages had a negative return on equity of 0.58% and a negative net margin of 0.41%. research analysts forecast that New Age Beverages will post 0.06 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in New Age Beverages by 18.1% during the second quarter. HighTower Advisors LLC now owns 22,346 shares of the company’s stock valued at $114,000 after purchasing an additional 3,428 shares during the last quarter. Northern Trust Corp acquired a new position in New Age Beverages during the 2nd quarter worth approximately $151,000. Virtu KCG Holdings LLC lifted its position in New Age Beverages by 119.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 33,353 shares of the company’s stock worth $170,000 after acquiring an additional 18,189 shares in the last quarter. Cadence Capital Management LLC acquired a new position in New Age Beverages during the 3rd quarter worth approximately $981,000. Finally, Vanguard Group Inc. acquired a new position in New Age Beverages during the 2nd quarter worth approximately $3,358,000. 12.78% of the stock is owned by institutional investors and hedge funds.

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New Age Beverages Company Profile

The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.

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