Equities research analysts forecast that Craft Brew Alliance, Inc. (NASDAQ:BREW) will post earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance posted earnings per share of $0.03 in the same quarter last year, which would indicate a positive year-over-year growth rate of 133.3%. The business is scheduled to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Craft Brew Alliance will report full-year earnings of $0.09 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $0.14 per share. Zacks Investment Research’s EPS 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 posted its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $60.55 million for the quarter, compared to analyst estimates of $58.54 million. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share.
A number of equities research analysts have commented on the stock. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine lowered shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Cowen and Company reissued an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Craft Brew Alliance in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.50.
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In other news, CEO Andrew J. Thomas sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.14, for a total value of $72,560.00. Following the transaction, the chief executive officer now owns 7,834 shares of the company’s stock, valued at approximately $142,108.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BREW. Teachers Advisors LLC boosted its stake in shares of Craft Brew Alliance by 53.2% in the 4th quarter. Teachers Advisors LLC now owns 25,000 shares of the company’s stock valued at $423,000 after purchasing an additional 8,677 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Craft Brew Alliance by 40.8% in the 1st quarter. Wells Fargo & Company MN now owns 73,304 shares of the company’s stock valued at $979,000 after purchasing an additional 21,231 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Craft Brew Alliance by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 48,628 shares of the company’s stock valued at $649,000 after purchasing an additional 1,897 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Craft Brew Alliance by 2.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock valued at $226,000 after purchasing an additional 476 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Craft Brew Alliance by 54.3% in the 1st quarter. Trexquant Investment LP now owns 27,475 shares of the company’s stock valued at $367,000 after purchasing an additional 9,670 shares during the last quarter. 32.33% of the stock is currently owned by institutional investors.
Craft Brew Alliance (NASDAQ BREW) remained flat at $17.30 on Friday. 78,106 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.87 and its 200-day moving average price is $16.03. The stock has a market cap of $333.77 million, a price-to-earnings ratio of 640.74 and a beta of 0.50. Craft Brew Alliance has a 12 month low of $12.00 and a 12 month high of $21.18.
Craft Brew Alliance Company Profile
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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