Lifeway Foods (NASDAQ:LWAY) Releases Quarterly Earnings Results

Lifeway Foods (NASDAQ:LWAY) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08, Zacks reports. The firm had revenue of $49.16 million during the quarter, compared to the consensus estimate of $46.50 million. Lifeway Foods had a return on equity of 22.34% and a net margin of 7.77%. During the same period in the previous year, the firm posted $0.21 EPS.

Lifeway Foods Trading Up 2.2 %

Shares of NASDAQ:LWAY traded up $0.41 during midday trading on Friday, reaching $19.41. The company’s stock had a trading volume of 63,158 shares, compared to its average volume of 147,408. The firm has a market cap of $285.46 million, a price-to-earnings ratio of 22.09 and a beta of 1.01. The business has a 50 day moving average price of $12.56 and a 200 day moving average price of $15.00. Lifeway Foods has a 1 year low of $8.18 and a 1 year high of $28.61. The company has a quick ratio of 1.98, a current ratio of 2.53 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling

In other Lifeway Foods news, CEO Julie Smolyansky sold 10,105 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $17.26, for a total value of $174,412.30. Following the sale, the chief executive officer now directly owns 2,084,417 shares of the company’s stock, valued at approximately $35,977,037.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 14,620 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $12.30, for a total transaction of $179,826.00. Following the completion of the sale, the insider now owns 1,125,133 shares of the company’s stock, valued at $13,839,135.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Smolyansky sold 10,105 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $17.26, for a total value of $174,412.30. Following the sale, the chief executive officer now owns 2,084,417 shares of the company’s stock, valued at $35,977,037.42. The disclosure for this sale can be found here. 31.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LWAY. Noble Financial raised Lifeway Foods from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Thursday, May 30th. Lake Street Capital boosted their target price on shares of Lifeway Foods from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, StockNews.com cut shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research note on Tuesday.

Lifeway Foods Company Profile

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.