Analysts Offer Predictions for Brick Brewing Co. Limited’s Q4 2018 Earnings (TSE:BRB)

Brick Brewing Co. Limited (TSE:BRB) – Research analysts at Cormark issued their Q4 2018 earnings estimates for Brick Brewing in a research note issued to investors on Tuesday, according to Zacks Investment Research. Cormark analyst K. Mcphee forecasts that the company will earn $0.02 per share for the quarter. Cormark also issued estimates for Brick Brewing’s FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.19 EPS.

Brick Brewing (TSE:BRB) last announced its quarterly earnings data on Friday, December 8th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$11.67 million during the quarter, compared to the consensus estimate of C$12.75 million. Brick Brewing had a net margin of 7.04% and a return on equity of 11.67%.

A number of other research analysts have also weighed in on BRB. Laurentian lifted their target price on Brick Brewing from C$4.70 to C$5.00 in a report on Tuesday, January 23rd. Acumen Capital lifted their target price on Brick Brewing from C$4.60 to C$4.80 in a report on Thursday, January 11th. Finally, M Partners reissued a “buy” rating on shares of Brick Brewing in a report on Wednesday, January 10th.

Brick Brewing (TSE:BRB) traded down C$0.02 during mid-day trading on Wednesday, reaching C$4.32. The company’s stock had a trading volume of 77,066 shares, compared to its average volume of 64,790. The stock has a market cap of $153.04, a price-to-earnings ratio of 48.22 and a beta of 0.04. Brick Brewing has a 1-year low of C$2.68 and a 1-year high of C$4.55.

In other Brick Brewing news, insider Sean Thomas Byrne sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of C$3.95, for a total value of C$158,000.00.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $0.08 annualized dividend and a yield of 1.85%. This is a positive change from Brick Brewing’s previous quarterly dividend of $0.02. Brick Brewing’s dividend payout ratio is currently 53.33%.

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About Brick Brewing

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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