Treasury Wine Estates (TSRYY) Expected to Post Earnings on Thursday

Treasury Wine Estates (OTCMKTS:TSRYY) is expected to issue its results before the market opens on Thursday, August 13th. Analysts expect the company to announce earnings of $0.1248 per share and revenue of $864.2260 million for the quarter.

Treasury Wine Estates Trading Up 4.2%

Shares of OTCMKTS TSRYY opened at $3.94 on Tuesday. Treasury Wine Estates has a one year low of $2.25 and a one year high of $5.55. The firm’s 50 day simple moving average is $3.28 and its two-hundred day simple moving average is $3.15.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSRYY shares. Zacks Research raised Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. The Goldman Sachs Group initiated coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective on the stock. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Treasury Wine Estates currently has a consensus rating of “Reduce” and an average price target of $5.20.

About Treasury Wine Estates

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.