Eastside Distilling, Inc. (NASDAQ:ESDI) – Analysts at Zacks Investment Research boosted their FY2018 earnings per share estimates for Eastside Distilling in a research report issued on Monday, Zacks Investment Research reports. Zacks Investment Research analyst I. Gilson now expects that the company will post earnings of ($0.39) per share for the year, up from their previous forecast of ($0.43). Zacks Investment Research also issued estimates for Eastside Distilling’s Q4 2018 earnings at ($0.06) EPS and FY2019 earnings at $0.08 EPS.
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A number of other equities research analysts have also recently commented on ESDI. ValuEngine raised shares of Eastside Distilling from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Roth Capital began coverage on shares of Eastside Distilling in a report on Friday, September 15th. They issued a “buy” rating and a $7.00 target price for the company.
Shares of Eastside Distilling (ESDI) opened at $4.06 on Wednesday. Eastside Distilling has a 1 year low of $3.35 and a 1 year high of $12.00.
In other Eastside Distilling news, Chairman Grover T. Wickersham bought 7,000 shares of Eastside Distilling stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $3.89 per share, with a total value of $27,230.00. Following the completion of the acquisition, the chairman now owns 97,114 shares of the company’s stock, valued at $377,773.46. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.07% of the stock is currently owned by corporate insiders.
Eastside Distilling Company Profile
Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.
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