Craft Brew Alliance (BREW) Receiving Somewhat Favorable News Coverage, Study Finds
News stories about Craft Brew Alliance (NASDAQ:BREW) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Craft Brew Alliance earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.6297291831185 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Expect Craft Brew Alliance, Inc. (BREW) Will Post Earnings of $0.02 Per Share (americanbankingnews.com)
- Edited Transcript of BREW earnings conference call or presentation 9-Nov-17 4:30pm GMT (finance.yahoo.com)
- Craft Brew Alliance, Inc. breached its 50 day moving average in a Bullish Manner : BREW-US : November 10, 2017 (finance.yahoo.com)
- Craft Brew Alliance to Host Earnings Call (finance.yahoo.com)
- Craft Brew Alliance, Inc. (BREW) Posts Earnings Results, Beats Expectations By $0.03 EPS (americanbankingnews.com)
Shares of Craft Brew Alliance (NASDAQ BREW) traded up $0.55 during midday trading on Monday, hitting $19.70. 185,500 shares of the company’s stock traded hands, compared to its average volume of 114,868. Craft Brew Alliance has a 12 month low of $12.00 and a 12 month high of $20.00. The stock has a market capitalization of $380.14, a P/E ratio of 179.09 and a beta of 0.48. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.19.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The company had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts expect that Craft Brew Alliance will post 0.11 earnings per share for the current fiscal year.
Several analysts have issued reports on BREW shares. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company reaffirmed an “outperform” rating and issued a $20.00 price target (up previously from $19.00) on shares of Craft Brew Alliance in a report on Wednesday, August 9th. ValuEngine raised shares of Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Susquehanna Bancshares Inc started coverage on shares of Craft Brew Alliance in a report on Monday, October 2nd. They issued a “positive” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Wednesday, August 16th. Two equities 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 currently has an average rating of “Buy” and a consensus target price of $21.00.
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.
Receive News & Ratings for Craft Brew Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Craft Brew Alliance Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.