Zacks: Analysts Expect Craft Brew Alliance Inc (BREW) Will Announce Earnings of $0.13 Per Share

Analysts predict that Craft Brew Alliance Inc (NASDAQ:BREW) will post $0.13 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance posted earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The firm is expected to announce its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Craft Brew Alliance will report full year earnings of $0.43 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $0.52 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Craft Brew Alliance.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. The business had revenue of $61.80 million during the quarter, compared to analysts’ expectations of $61.70 million. Craft Brew Alliance had a return on equity of 5.61% and a net margin of 6.62%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS.

Several brokerages recently commented on BREW. BidaskClub raised Craft Brew Alliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 7th. Zacks Investment Research raised Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, July 4th. Finally, Citigroup boosted their price target on Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group acquired a new stake in Craft Brew Alliance in the 2nd quarter worth approximately $208,000. Dynamic Technology Lab Private Ltd acquired a new stake in Craft Brew Alliance in the 1st quarter worth approximately $217,000. Engineers Gate Manager LP acquired a new stake in Craft Brew Alliance in the 2nd quarter worth approximately $272,000. Campbell & CO Investment Adviser LLC acquired a new stake in Craft Brew Alliance in the 2nd quarter worth approximately $476,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Craft Brew Alliance by 12.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 26,500 shares of the company’s stock worth $493,000 after purchasing an additional 3,000 shares during the last quarter. 37.22% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ BREW opened at $16.95 on Tuesday. The company has a market capitalization of $332.07 million, a P/E ratio of 45.13 and a beta of 0.67. Craft Brew Alliance has a 52 week low of $16.65 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.57 and a quick ratio of 1.19.

About Craft Brew Alliance

Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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