Craft Brew Alliance, Inc. (NASDAQ:BREW) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Craft Brew Alliance, Inc. (NASDAQ:BREW) released its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02, Briefing.com reports. Craft Brew Alliance had a net margin of 0.53% and a return on equity of 1.25%. The company had revenue of $60.55 million for the quarter, compared to the consensus estimate of $58.54 million. During the same period last year, the company earned $0.12 earnings per share. Craft Brew Alliance’s revenue for the quarter was down 2.8% compared to the same quarter last year.
Craft Brew Alliance (BREW) traded up 2.60% during mid-day trading on Friday, hitting $17.75. 200,839 shares of the stock traded hands. The stock has a market capitalization of $342.45 million, a PE ratio of 657.41 and a beta of 0.47. Craft Brew Alliance has a one year low of $10.89 and a one year high of $22.40. The company has a 50 day moving average price of $17.38 and a 200-day moving average price of $15.50.
Separately, Zacks Investment Research cut shares of Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Craft Brew Alliance has a consensus rating of “Buy” and a consensus price target of $20.00.
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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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