Brick Brewing (BRB) PT Lowered to C$4.40 at Cormark

Brick Brewing (TSE:BRB) had its price target decreased by Cormark from C$4.80 to C$4.40 in a report released on Friday. Cormark also issued estimates for Brick Brewing’s FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.18 EPS.

Brick Brewing opened at C$3.70 on Friday, according to Marketbeat. Brick Brewing has a 12 month low of C$2.99 and a 12 month high of C$4.75.

Brick Brewing (TSE:BRB) last released its quarterly earnings data on Thursday, April 12th. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The business had revenue of C$10.73 million during the quarter, compared to the consensus estimate of C$11.00 million. Brick Brewing had a return on equity of 11.67% and a net margin of 7.04%.

Brick Brewing Company Profile

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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