Lifeway Foods (LWAY) to Release Quarterly Earnings on Tuesday

Lifeway Foods (NASDAQ:LWAY) is set to release its earnings data before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $42.09 million during the quarter, compared to analysts’ expectations of $40.00 million. Lifeway Foods had a net margin of 7.10% and a return on equity of 20.92%. On average, analysts expect Lifeway Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifeway Foods Stock Performance

NASDAQ LWAY opened at $26.90 on Monday. The stock has a market cap of $395.16 million, a PE ratio of 35.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 2.30. Lifeway Foods has a 52-week low of $5.75 and a 52-week high of $28.61. The firm has a 50-day moving average of $18.36 and a 200-day moving average of $14.80.

Analyst Ratings Changes

A number of research firms recently commented on LWAY. Noble Financial reaffirmed a “market perform” rating on shares of Lifeway Foods in a research report on Wednesday, March 27th. StockNews.com downgraded shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Lake Street Capital began coverage on shares of Lifeway Foods in a research report on Friday, April 5th. They set a “buy” rating and a $25.00 price objective for the company.

Insiders Place Their Bets

In other news, major shareholder Ludmila Smolyansky sold 13,542 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $12.34, for a total value of $167,108.28. Following the sale, the insider now directly owns 1,373,992 shares in the company, valued at approximately $16,955,061.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Pol Sikar sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $17.19, for a total transaction of $171,900.00. Following the completion of the transaction, the director now owns 23,707 shares of the company’s stock, valued at $407,523.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock in a transaction on Monday, February 26th. The stock was sold at an average price of $12.34, for a total transaction of $167,108.28. Following the transaction, the insider now owns 1,373,992 shares in the company, valued at approximately $16,955,061.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,734 shares of company stock valued at $2,518,940. 31.77% of the stock is currently owned by corporate insiders.

About Lifeway Foods

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.