Craft Brew Alliance (NASDAQ:BREW) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03, Briefing.com reports. The company had revenue of $47.49 million during the quarter, compared to analyst estimates of $43.86 million. Craft Brew Alliance had a return on equity of 3.67% and a net margin of 5.38%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share.
Craft Brew Alliance traded down $0.75, reaching $18.35, during trading hours on Friday, according to Marketbeat Ratings. 6,002 shares of the stock traded hands, compared to its average volume of 69,555. Craft Brew Alliance has a 1 year low of $18.15 and a 1 year high of $18.90. The company has a quick ratio of 1.77, a current ratio of 2.21 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $374.61 million, a price-to-earnings ratio of 136.43 and a beta of 0.45.
Several research firms recently issued reports on BREW. Zacks Investment Research lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Stifel Nicolaus dropped their price objective on Craft Brew Alliance from $21.00 to $18.00 and set a “hold” rating for the company in a research note on Friday. Susquehanna Bancshares set a $22.00 price objective on Craft Brew Alliance and gave the company a “buy” rating in a research note on Friday. BidaskClub lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Finally, Citigroup lifted their price objective on Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Craft Brew Alliance currently has an average rating of “Hold” and a consensus price target of $20.50.
Craft Brew Alliance Company Profile
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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