Craft Brew Alliance, Inc. (NASDAQ:BREW) Releases Earnings Results, Misses Estimates By $0.02 EPS
Craft Brew Alliance, Inc. (NASDAQ:BREW) announced its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02, Briefing.com reports. The firm had revenue of $60.55 million during the quarter, compared to analyst estimates of $58.54 million. Craft Brew Alliance had a net margin of 0.53% and a return on equity of 1.25%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share.
Shares of Craft Brew Alliance (BREW) traded up 2.60% during mid-day trading on Friday, hitting $17.75. The stock had a trading volume of 200,400 shares. Craft Brew Alliance has a 52-week low of $10.89 and a 52-week high of $22.40. The firm has a 50 day moving average price of $17.38 and a 200 day moving average price of $15.50. The firm has a market cap of $342.45 million, a PE ratio of 657.41 and a beta of 0.47.
Separately, Zacks Investment Research raised Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Craft Brew Alliance currently has a consensus rating of “Buy” and an average target price of $20.00.
About Craft Brew Alliance
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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