Cormark Weighs in on Brick Brewing Co. Limited’s FY2018 Earnings (BRB)
Brick Brewing Co. Limited (TSE:BRB) – Stock analysts at Cormark lowered their FY2018 earnings estimates for Brick Brewing in a research report issued on Monday. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.09 for the year, down from their previous forecast of $0.10.
Several other brokerages have also issued reports on BRB. Laurentian Bank of Canada raised their target price on Brick Brewing from C$4.60 to C$4.70 and gave the stock a “buy” rating in a research report on Monday, September 11th. Acumen Capital lowered their target price on Brick Brewing from C$4.50 to C$4.40 in a research report on Monday, September 11th. Finally, Laurentian raised their target price on Brick Brewing from C$4.60 to C$4.70 and gave the stock a “buy” rating in a research report on Monday, September 11th.
Shares of Brick Brewing (TSE BRB) traded up C$0.03 during trading hours on Tuesday, reaching C$3.60. The company had a trading volume of 21,268 shares, compared to its average volume of 44,981. Brick Brewing has a twelve month low of C$2.55 and a twelve month high of C$4.26.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.02 per share. This is a positive change from Brick Brewing’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, January 8th. Brick Brewing’s dividend payout ratio (DPR) is currently 60.00%.
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Brick Brewing Company Profile
Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.
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