Boston Beer (NYSE:SAM) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Boston Beer to post earnings of $2.75 per share for the quarter. Boston Beer has set its FY 2019 guidance at $8.30-9.30 EPS and its FY19 guidance at $8.30-$9.30 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.51. The business had revenue of $318.40 million for the quarter, compared to analyst estimates of $308.49 million. Boston Beer had a return on equity of 22.89% and a net margin of 9.92%. Boston Beer’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. On average, analysts expect Boston Beer to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

NYSE:SAM opened at $396.00 on Tuesday. The stock’s 50-day simple moving average is $381.83 and its 200 day simple moving average is $359.57. The firm has a market capitalization of $4.87 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 4.45 and a beta of 0.63. Boston Beer has a twelve month low of $230.93 and a twelve month high of $444.64.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Boston Beer from a “strong-buy” rating to a “hold” rating and set a $415.00 price objective on the stock. in a research note on Wednesday, June 26th. Deutsche Bank began coverage on Boston Beer in a research note on Friday, September 27th. They set a “hold” rating and a $380.00 price target on the stock. Royal Bank of Canada set a $346.00 price target on Boston Beer and gave the company a “hold” rating in a research note on Friday, July 26th. Macquarie set a $460.00 price target on Boston Beer and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Cowen raised Boston Beer from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $386.00 to $450.00 in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Boston Beer presently has an average rating of “Hold” and a consensus price target of $379.84.

In other news, Chairman C James Koch sold 14,000 shares of Boston Beer stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $399.78, for a total transaction of $5,596,920.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jean Michel Valette sold 2,500 shares of Boston Beer stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $400.00, for a total value of $1,000,000.00. Following the sale, the director now directly owns 27,258 shares in the company, valued at $10,903,200. The disclosure for this sale can be found here. Insiders have sold 69,000 shares of company stock worth $27,053,455 over the last three months. Insiders own 28.40% of the company’s stock.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Earnings History for Boston Beer (NYSE:SAM)

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