Zacks: Analysts Anticipate Boston Beer Company Inc (NYSE:SAM) Will Post Earnings of $1.42 Per Share

Wall Street analysts expect that Boston Beer Company Inc (NYSE:SAM) will announce earnings of $1.42 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Boston Beer’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.32. Boston Beer posted earnings of $1.84 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.8%. The business is scheduled to announce its next earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Boston Beer will report full-year earnings of $9.22 per share for the current fiscal year, with EPS estimates ranging from $9.04 to $9.34. For the next fiscal year, analysts anticipate that the firm will report earnings of $11.41 per share, with EPS estimates ranging from $9.75 to $12.39. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Boston Beer.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Tuesday, October 29th. The company reported $3.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.79. The firm had revenue of $378.47 million for the quarter, compared to analyst estimates of $364.66 million. Boston Beer had a return on equity of 20.99% and a net margin of 10.06%.

SAM has been the topic of several analyst reports. MKM Partners began coverage on Boston Beer in a research note on Friday, September 20th. They issued a “neutral” rating and a $333.00 target price on the stock. Guggenheim set a $462.00 price target on Boston Beer and gave the stock a “buy” rating in a research note on Monday, September 23rd. UBS Group raised Boston Beer from a “neutral” rating to a “buy” rating and increased their price target for the stock from $415.00 to $440.00 in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Boston Beer to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. They noted that the move was a valuation call. Finally, Jefferies Financial Group lowered their price objective on shares of Boston Beer from $332.00 to $319.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $383.56.

SAM traded down $1.76 on Monday, hitting $381.06. 83,425 shares of the company traded hands, compared to its average volume of 167,151. Boston Beer has a 12-month low of $230.93 and a 12-month high of $444.64. The company has a 50 day moving average of $377.14 and a 200-day moving average of $376.71. The stock has a market capitalization of $4.59 billion, a PE ratio of 51.01, a PEG ratio of 4.17 and a beta of 0.60.

In related news, Chairman C James Koch sold 7,000 shares of Boston Beer stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $378.52, for a total value of $2,649,640.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 71,000 shares of company stock valued at $27,901,780 over the last three months. Insiders own 28.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SAM. Maverick Capital Ltd. grew its stake in shares of Boston Beer by 93.0% during the 3rd quarter. Maverick Capital Ltd. now owns 33,415 shares of the company’s stock worth $12,166,000 after purchasing an additional 16,105 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of Boston Beer by 1.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,033 shares of the company’s stock worth $1,832,000 after acquiring an additional 53 shares during the period. Sandler Capital Management acquired a new stake in shares of Boston Beer in the 3rd quarter worth approximately $3,683,000. Voloridge Investment Management LLC purchased a new position in Boston Beer in the 3rd quarter valued at approximately $1,799,000. Finally, Barclays PLC increased its stake in Boston Beer by 15.5% in the 3rd quarter. Barclays PLC now owns 8,241 shares of the company’s stock valued at $3,001,000 after purchasing an additional 1,103 shares in the last quarter. 73.43% of the stock is owned by institutional investors.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Earnings History and Estimates for Boston Beer (NYSE:SAM)

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