New Age Beverage Corporation (NBEV) Scheduled to Post Quarterly Earnings on Tuesday
New Age Beverage Corporation (NASDAQ:NBEV) will be announcing its earnings results before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.
Shares of New Age Beverage Corporation (NASDAQ NBEV) opened at $2.12 on Monday. New Age Beverage Corporation has a 12 month low of $1.54 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.38 and a quick ratio of 1.32.
Several equities research analysts recently weighed in on NBEV shares. Zacks Investment Research raised New Age Beverage Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, October 18th. Roth Capital started coverage on New Age Beverage Corporation in a research note on Thursday, July 27th. They issued a “buy” rating and a $7.50 price target on the stock. Finally, TheStreet cut New Age Beverage Corporation from a “c” rating to a “d+” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $6.00.
COPYRIGHT VIOLATION WARNING: “New Age Beverage Corporation (NBEV) Scheduled to Post Quarterly Earnings on Tuesday” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/13/new-age-beverage-corporation-nbev-scheduled-to-post-quarterly-earnings-on-tuesday.html.
In related news, Director Timothy J. Haas bought 85,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $3.49 per share, with a total value of $296,650.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $104,700. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neil Fallon sold 38,881 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $4.53, for a total value of $176,130.93. Following the completion of the sale, the director now directly owns 5,354,858 shares in the company, valued at $24,257,506.74. The disclosure for this sale can be found here. 48.59% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in New Age Beverage Corporation stock. Northern Trust Corp bought a new position in New Age Beverage Corporation (NASDAQ:NBEV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,377 shares of the company’s stock, valued at approximately $151,000. Northern Trust Corp owned about 0.09% of New Age Beverage Corporation at the end of the most recent quarter. Institutional investors own 13.42% of the company’s stock.
New Age Beverage Corporation 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.
Receive News & Stock Ratings for New Age Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Age Beverage Corporation and related stocks with our FREE daily email newsletter.