Treasury Wine Estates (TSRYY) Projected to Announce Earnings on Thursday

Treasury Wine Estates (OTCMKTS:TSRYY) is expected to post its results before the market opens on Thursday, August 13th. Analysts expect the company to announce earnings of $0.1247 per share and revenue of $864.2260 million for the quarter.

Treasury Wine Estates Stock Performance

OTCMKTS:TSRYY opened at $3.61 on Thursday. The firm’s 50-day moving average is $3.24 and its 200-day moving average is $3.14. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $5.55.

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Company Profile

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.