Brokerages predict that Boston Beer Company Inc (NYSE:SAM) will report earnings per share of $1.42 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Boston Beer’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.32. Boston Beer reported earnings per share of $1.84 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.8%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Boston Beer will report full-year earnings of $9.22 per share for the current financial year, with EPS estimates ranging from $9.04 to $9.34. For the next year, analysts forecast that the business will report earnings of $11.41 per share, with EPS estimates ranging from $9.75 to $12.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Boston Beer.

Boston Beer (NYSE:SAM) last issued its earnings results on Tuesday, October 29th. The company reported $3.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.79 by $0.79. Boston Beer had a return on equity of 20.99% and a net margin of 10.06%. The firm had revenue of $378.47 million for the quarter, compared to analyst estimates of $364.66 million.

Several brokerages have weighed in on SAM. Cowen raised Boston Beer from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $386.00 to $450.00 in a research report on Thursday, October 17th. UBS Group raised Boston Beer from a “sell” rating to a “neutral” rating and increased their target price for the stock from $305.00 to $390.00 in a research report on Friday, October 4th. Jefferies Financial Group dropped their target price on Boston Beer from $332.00 to $319.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. They noted that the move was a valuation call. Macquarie set a $460.00 target price on Boston Beer and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Citigroup raised Boston Beer from a “neutral” rating to a “buy” rating and increased their target price for the stock from $394.00 to $448.00 in a research report on Friday, October 11th. Two research 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. The stock currently has a consensus rating of “Hold” and an average target price of $379.99.

In other news, Chairman C James Koch sold 7,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $400.00, for a total value of $2,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 71,000 shares of company stock valued at $27,901,780. Company insiders own 28.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Boston Beer during the second quarter valued at about $35,000. Golden State Wealth Management LLC boosted its stake in Boston Beer by 910.0% during the third quarter. Golden State Wealth Management LLC now owns 101 shares of the company’s stock valued at $37,000 after buying an additional 91 shares in the last quarter. HM Payson & Co. bought a new position in Boston Beer during the second quarter valued at about $38,000. Marshall Wace North America L.P. bought a new position in Boston Beer during the first quarter valued at about $59,000. Finally, NEXT Financial Group Inc boosted its stake in Boston Beer by 119.0% during the second quarter. NEXT Financial Group Inc now owns 184 shares of the company’s stock valued at $70,000 after buying an additional 100 shares in the last quarter. 73.43% of the stock is owned by institutional investors.

NYSE SAM traded down $11.20 during trading hours on Monday, hitting $373.12. The company had a trading volume of 137,559 shares, compared to its average volume of 168,134. Boston Beer has a fifty-two week low of $230.93 and a fifty-two week high of $444.64. The business has a fifty day simple moving average of $377.77 and a 200-day simple moving average of $375.92. The firm has a market cap of $4.62 billion, a P/E ratio of 49.95, a price-to-earnings-growth ratio of 4.17 and a beta of 0.60.

Boston Beer Company Profile

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 and Estimates for Boston Beer (NYSE:SAM)

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