Zacks: Brokerages Expect Craft Brew Alliance, Inc. (BREW) Will Post Earnings of $0.02 Per Share
Brokerages forecast that Craft Brew Alliance, Inc. (NASDAQ:BREW) will report earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance also reported earnings of $0.02 per share during the same quarter last year. The company is expected to report its next earnings results on Thursday, March 15th.
On average, analysts expect that Craft Brew Alliance will report full year earnings of $0.11 per share for the current year. For the next year, analysts expect that the firm will report earnings of $0.14 per share. Zacks’ EPS calculations are an average based on a survey of analysts that cover Craft Brew Alliance.
Craft Brew Alliance (NASDAQ:BREW) last released its earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The business had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.
BREW has been the topic of a number of recent research reports. Susquehanna Bancshares Inc initiated coverage on Craft Brew Alliance in a research report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price on the stock. Zacks Investment Research downgraded Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company reissued a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.00.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Craft Brew Alliance by 14.2% in the 3rd quarter. Wells Fargo & Company MN now owns 54,435 shares of the company’s stock worth $955,000 after acquiring an additional 6,783 shares in the last quarter. Quantum Capital Management acquired a new position in shares of Craft Brew Alliance in the 3rd quarter worth approximately $653,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Craft Brew Alliance by 15.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after acquiring an additional 1,638 shares in the last quarter. State Street Corp boosted its holdings in shares of Craft Brew Alliance by 10.1% in the 2nd quarter. State Street Corp now owns 208,916 shares of the company’s stock worth $3,521,000 after acquiring an additional 19,235 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Craft Brew Alliance by 17.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 26,193 shares of the company’s stock worth $441,000 after acquiring an additional 3,937 shares in the last quarter. 32.21% of the stock is currently owned by institutional investors.
Shares of Craft Brew Alliance (BREW) opened at $19.70 on Friday. Craft Brew Alliance has a 1 year low of $12.00 and a 1 year high of $20.00. The firm has a market capitalization of $380.15, a PE ratio of 179.09 and a beta of 0.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 1.56.
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.
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