Boston Beer (SAM) Updates FY18 Earnings Guidance

Boston Beer (NYSE:SAM) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.30-7.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.54.

Several research analysts have commented on the company. Credit Suisse Group reaffirmed a neutral rating and set a $172.00 target price (up from $160.00) on shares of Boston Beer in a report on Thursday. Macquarie raised Boston Beer from an underperform rating to a neutral rating and set a $140.00 target price on the stock in a report on Thursday, February 8th. Berenberg Bank raised Boston Beer from a sell rating to a hold rating in a report on Monday, December 18th. UBS Group downgraded Boston Beer from a positive rating to a neutral rating in a report on Monday, November 13th. Finally, Jefferies Group reissued a hold rating and issued a $175.00 price objective on shares of Boston Beer in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $161.33.

Boston Beer (NYSE:SAM) opened at $166.90 on Friday. The stock has a market capitalization of $2,272.62, a PE ratio of 30.10, a PEG ratio of 5.52 and a beta of 0.53. Boston Beer has a 52 week low of $128.70 and a 52 week high of $202.35.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $206.32 million for the quarter, compared to the consensus estimate of $206.46 million. Boston Beer had a return on equity of 18.55% and a net margin of 11.04%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. equities research analysts anticipate that Boston Beer will post 7.01 EPS for the current year.

In related news, insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $187.20, for a total transaction of $1,872,000.00. Following the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at approximately $7,913,505.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $190.01, for a total value of $950,050.00. The disclosure for this sale can be found here. Insiders sold a total of 105,983 shares of company stock worth $20,072,674 over the last three months. 31.30% of the stock is owned by company insiders.

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Boston Beer Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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

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