Brokerages expect Craft Brew Alliance Inc (NASDAQ:BREW) to announce $0.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Craft Brew Alliance’s earnings. Craft Brew Alliance posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Craft Brew Alliance will report full-year earnings of $0.43 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $0.52 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Craft Brew Alliance.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. Craft Brew Alliance had a net margin of 6.62% and a return on equity of 5.61%. The firm had revenue of $61.80 million during the quarter, compared to analysts’ expectations of $61.70 million. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 2.0% on a year-over-year basis.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Zacks Investment Research cut shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, Citigroup upped their price target on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Craft Brew Alliance currently has an average rating of “Hold” and an average price target of $20.50.

Hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new position in Craft Brew Alliance in the 4th quarter worth $126,000. Dynamic Technology Lab Private Ltd acquired a new position in Craft Brew Alliance in the 1st quarter worth $217,000. Engineers Gate Manager LP acquired a new position in Craft Brew Alliance in the 2nd quarter worth $272,000. Campbell & CO Investment Adviser LLC acquired a new position in Craft Brew Alliance in the 2nd quarter worth $476,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Craft Brew Alliance by 12.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 26,500 shares of the company’s stock worth $493,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 37.22% of the company’s stock.

Craft Brew Alliance stock remained flat at $$18.65 during trading on Friday. 75,419 shares of the company were exchanged, compared to its average volume of 111,152. The company has a current ratio of 1.57, a quick ratio of 1.19 and a debt-to-equity ratio of 0.07. Craft Brew Alliance has a 12-month low of $16.70 and a 12-month high of $21.00. The stock has a market cap of $361.11 million, a PE ratio of 133.21 and a beta of 0.67.

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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