Brick Brewing Co. Limited to Post Q4 2018 Earnings of $0.02 Per Share, Cormark Forecasts (BRB)

Brick Brewing Co. Limited (TSE:BRB) – Stock analysts at Cormark issued their Q4 2018 EPS estimates for shares of Brick Brewing in a research note issued on Tuesday. Cormark analyst K. Mcphee expects that the company will earn $0.02 per share for the quarter. Cormark also issued estimates for Brick Brewing’s FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.19 EPS.

Brick Brewing (TSE:BRB) last issued its quarterly earnings results on Friday, December 8th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). Brick Brewing had a net margin of 7.04% and a return on equity of 11.67%. The business had revenue of C$11.67 million during the quarter, compared to analyst estimates of C$12.75 million.

Several other research firms also recently commented on BRB. Laurentian boosted their price objective on Brick Brewing from C$4.70 to C$5.00 in a report on Tuesday, January 23rd. M Partners restated a “buy” rating on shares of Brick Brewing in a report on Wednesday, January 10th. Finally, Acumen Capital boosted their price objective on Brick Brewing from C$4.60 to C$4.80 in a report on Thursday, January 11th.

Shares of Brick Brewing (TSE:BRB) traded down C$0.06 on Wednesday, reaching C$4.07. The company’s stock had a trading volume of 63,525 shares, compared to its average volume of 64,430. Brick Brewing has a 12-month low of C$2.68 and a 12-month high of C$4.26. The firm has a market capitalization of $145.63, a price-to-earnings ratio of 45.89 and a beta of 0.04.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.02 per share. This is an increase from Brick Brewing’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, January 8th. This represents a $0.08 annualized dividend and a dividend yield of 1.97%. Brick Brewing’s payout ratio is currently 53.33%.

In other news, insider Sean Thomas Byrne sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of C$3.95, for a total transaction of C$158,000.00.

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Brick Brewing Company Profile

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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