Zacks: Analysts Expect Craft Brew Alliance Inc (BREW) to Announce $0.02 EPS

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Brokerages forecast that Craft Brew Alliance Inc (NASDAQ:BREW) will post $0.02 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance reported earnings of $0.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 60%. The company is expected to issue its next earnings results on Wednesday, March 6th.

According to Zacks, analysts expect that Craft Brew Alliance will report full-year earnings of $0.26 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.34 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Craft Brew Alliance.

BREW has been the subject of several research analyst reports. ValuEngine upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Citigroup set a $19.00 price objective on Craft Brew Alliance and gave the stock a “hold” rating in a research note on Monday, November 12th. Zacks Investment Research cut Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. BidaskClub raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Maxim Group started coverage on Craft Brew Alliance in a report on Wednesday, January 16th. They issued a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.40.

Craft Brew Alliance stock opened at $17.14 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.63 and a quick ratio of 1.16. Craft Brew Alliance has a one year low of $13.64 and a one year high of $21.00. The stock has a market capitalization of $322.90 million, a price-to-earnings ratio of 57.45 and a beta of 0.47.

Several large investors have recently added to or reduced their stakes in BREW. Cannell Capital LLC boosted its position in shares of Craft Brew Alliance by 34.3% during the 4th quarter. Cannell Capital LLC now owns 832,102 shares of the company’s stock worth $11,907,000 after acquiring an additional 212,551 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Craft Brew Alliance by 74.3% in the 3rd quarter. Renaissance Technologies LLC now owns 296,148 shares of the company’s stock valued at $4,842,000 after purchasing an additional 126,200 shares during the period. BlackRock Inc. boosted its position in shares of Craft Brew Alliance by 14.7% in the 2nd quarter. BlackRock Inc. now owns 655,989 shares of the company’s stock valued at $13,545,000 after purchasing an additional 84,282 shares during the period. Vanguard Group Inc raised its stake in Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc now owns 542,929 shares of the company’s stock valued at $8,877,000 after acquiring an additional 54,590 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 542,929 shares of the company’s stock valued at $8,877,000 after acquiring an additional 54,590 shares during the last quarter. 38.24% of the stock is owned by institutional investors and hedge funds.

About Craft Brew Alliance

Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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