Boston Beer (SAM) to Release Earnings on Thursday

Boston Beer (NYSE:SAM) will be issuing its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $5.03 per share for the quarter. Boston Beer has set its FY24 guidance at $7.00-11.00 EPS and its FY 2024 guidance at 7.000-11.000 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.96. The company had revenue of $426.05 million during the quarter, compared to analysts’ expectations of $414.18 million. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. On average, analysts expect Boston Beer to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $273.47 on Wednesday. The firm’s 50 day simple moving average is $286.94 and its 200-day simple moving average is $306.54. Boston Beer has a one year low of $254.40 and a one year high of $395.52. The firm has a market cap of $3.27 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03.

Analyst Ratings Changes

SAM has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Boston Beer from $310.00 to $325.00 and gave the company an “in-line” rating in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group reduced their price target on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a report on Tuesday, April 9th. Piper Sandler dropped their price objective on shares of Boston Beer from $350.00 to $344.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Finally, Jefferies Financial Group raised shares of Boston Beer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $335.00 to $360.00 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $335.29.

About Boston Beer

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.