Zacks: Analysts Expect The Boston Beer Company, Inc. (NYSE:SAM) Will Post Earnings of $3.55 Per Share

Wall Street brokerages forecast that The Boston Beer Company, Inc. (NYSE:SAM) will announce $3.55 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Boston Beer’s earnings, with estimates ranging from $2.87 to $4.22. Boston Beer posted earnings per share of $2.56 during the same quarter last year, which indicates a positive year over year growth rate of 38.7%. The company is scheduled to announce its next earnings results on Wednesday, February 16th.

According to Zacks, analysts expect that Boston Beer will report full-year earnings of $4.39 per share for the current fiscal year, with EPS estimates ranging from $4.17 to $4.60. For the next financial year, analysts forecast that the business will post earnings of $15.35 per share, with EPS estimates ranging from $13.72 to $17.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Boston Beer.

Boston Beer (NYSE:SAM) last posted its earnings results on Wednesday, October 20th. The company reported ($1.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.60 by ($6.47). The business had revenue of $561.64 million during the quarter, compared to the consensus estimate of $496.90 million. Boston Beer had a return on equity of 17.98% and a net margin of 4.49%. During the same period in the prior year, the firm earned $6.10 earnings per share.

A number of analysts have weighed in on SAM shares. Credit Suisse Group reduced their price target on Boston Beer from $965.00 to $935.00 and set an “outperform” rating for the company in a research report on Friday, October 22nd. Royal Bank of Canada decreased their target price on Boston Beer from $1,134.00 to $627.00 and set an “outperform” rating for the company in a research report on Thursday, September 9th. UBS Group dropped their price target on shares of Boston Beer from $775.00 to $700.00 and set a “buy” rating on the stock in a research report on Friday, October 22nd. They noted that the move was a valuation call. Morgan Stanley decreased their price objective on shares of Boston Beer from $990.00 to $800.00 and set an “overweight” rating for the company in a report on Monday, September 13th. Finally, MKM Partners dropped their target price on shares of Boston Beer from $530.00 to $475.00 and set a “neutral” rating on the stock in a report on Friday, October 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $797.80.

In related news, insider Samuel A. Calagione III sold 20,503 shares of Boston Beer stock in a transaction dated Tuesday, October 26th. The stock was sold at an average price of $499.18, for a total transaction of $10,234,687.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 24.30% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Contrarius Investment Management Ltd bought a new stake in Boston Beer in the second quarter valued at about $3,496,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Boston Beer in the 1st quarter valued at approximately $1,238,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Boston Beer by 960.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 30,285 shares of the company’s stock worth $30,915,000 after buying an additional 27,430 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Boston Beer by 86.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,212 shares of the company’s stock worth $3,279,000 after buying an additional 1,491 shares during the period. Finally, BlackRock Inc. boosted its stake in Boston Beer by 18.1% in the 2nd quarter. BlackRock Inc. now owns 1,307,152 shares of the company’s stock valued at $1,334,343,000 after buying an additional 200,086 shares in the last quarter. 71.54% of the stock is owned by institutional investors.

NYSE:SAM traded up $4.06 during trading hours on Thursday, reaching $464.33. The company’s stock had a trading volume of 217,454 shares, compared to its average volume of 242,613. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 58.85 and a beta of 0.70. Boston Beer has a one year low of $449.50 and a one year high of $1,349.98. The business’s 50-day moving average is $503.86 and its 200-day moving average is $728.62.

About Boston Beer

Boston Beer Co, Inc engages in the business of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head, and Craft Brewery. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

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

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