Eastside Distilling (EAST) to Release Quarterly Earnings on Wednesday

Eastside Distilling (NASDAQ:EAST) will be announcing its earnings results before the market opens on Wednesday, November 14th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter.

Eastside Distilling (NASDAQ:EAST) last issued its quarterly earnings results on Monday, August 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). The firm had revenue of $1.52 million for the quarter, compared to the consensus estimate of $1.43 million. Eastside Distilling had a negative net margin of 130.79% and a negative return on equity of 118.61%. On average, analysts expect Eastside Distilling to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NASDAQ EAST traded down $0.20 on Friday, reaching $8.00. 1,000 shares of the stock traded hands, compared to its average volume of 21,406. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.40 and a current ratio of 7.69. The firm has a market cap of $60.84 million, a P/E ratio of -5.63 and a beta of 0.44. Eastside Distilling has a 12 month low of $3.53 and a 12 month high of $9.25.

In other news, Chairman Grover T. Wickersham sold 50,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $7.75, for a total transaction of $387,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Shum sold 11,604 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $7.52, for a total value of $87,262.08. The disclosure for this sale can be found here. 20.80% of the stock is currently owned by corporate insiders.

Separately, ValuEngine upgraded Eastside Distilling from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd.

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Eastside Distilling Company Profile

Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.

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Earnings History for Eastside Distilling (NASDAQ:EAST)

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