Boston Beer (NYSE:SAM) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $8.00-9.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.57. Boston Beer also updated its FY 2019 guidance to $8.00-9.00 EPS.
NYSE:SAM traded up $38.45 during trading hours on Thursday, hitting $306.75. The company’s stock had a trading volume of 438,190 shares, compared to its average volume of 135,931. The firm has a market capitalization of $3.09 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 3.27 and a beta of 0.55. Boston Beer has a twelve month low of $160.40 and a twelve month high of $329.95.
Boston Beer (NYSE:SAM) last released its quarterly earnings data on Wednesday, February 20th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The business had revenue of $225.22 million for the quarter, compared to analyst estimates of $227.89 million. Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. Boston Beer’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $2.57 earnings per share. As a group, sell-side analysts anticipate that Boston Beer will post 7.63 EPS for the current fiscal year.
In related news, Chairman C James Koch sold 683 shares of Boston Beer stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $275.00, for a total value of $187,825.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David L. Grinnell sold 1,500 shares of Boston Beer stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $297.50, for a total value of $446,250.00. The disclosure for this sale can be found here. Insiders have sold 15,697 shares of company stock worth $4,360,411 over the last three months. Insiders own 29.20% of the company’s stock.
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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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.
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