Wall Street analysts expect New Age Beverages Corp (NASDAQ:NBEV) to report earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Two analysts have issued estimates for New Age Beverages’ earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.04). New Age Beverages posted earnings per share of ($0.08) during the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The business is scheduled to issue its next earnings results on Wednesday, November 13th.

According to Zacks, analysts expect that New Age Beverages will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.26). For the next financial year, analysts forecast that the company will post earnings of ($0.14) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow New Age Beverages.

New Age Beverages (NASDAQ:NBEV) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). New Age Beverages had a negative net margin of 12.78% and a negative return on equity of 17.70%. The company had revenue of $66.35 million for the quarter, compared to the consensus estimate of $64.43 million. During the same quarter last year, the business posted ($0.09) earnings per share. New Age Beverages’s revenue was up 396.6% on a year-over-year basis.

Several brokerages have weighed in on NBEV. TheStreet cut New Age Beverages from a “c-” rating to a “d+” rating in a research note on Thursday, August 22nd. Northland Securities restated a “hold” rating and set a $5.00 price objective on shares of New Age Beverages in a research note on Thursday, August 8th. BidaskClub cut New Age Beverages from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. ValuEngine cut New Age Beverages from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research upgraded New Age Beverages from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.55.

Shares of NASDAQ:NBEV opened at $3.25 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.24 and a current ratio of 1.65. The stock’s fifty day simple moving average is $3.41 and its two-hundred day simple moving average is $4.62. New Age Beverages has a 1-year low of $1.53 and a 1-year high of $9.99.

In other news, CEO Brent D. Willis sold 25,000 shares of New Age Beverages stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $3.27, for a total transaction of $81,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBEV. BlackRock Inc. raised its stake in shares of New Age Beverages by 279.0% during the 2nd quarter. BlackRock Inc. now owns 4,746,407 shares of the company’s stock worth $22,119,000 after purchasing an additional 3,494,062 shares during the period. Vanguard Group Inc. raised its stake in shares of New Age Beverages by 34.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,645,591 shares of the company’s stock worth $16,989,000 after purchasing an additional 928,126 shares during the period. River & Mercantile Asset Management LLP bought a new stake in shares of New Age Beverages during the 2nd quarter worth $1,724,000. Morgan Stanley raised its stake in shares of New Age Beverages by 164.0% during the 2nd quarter. Morgan Stanley now owns 584,155 shares of the company’s stock worth $2,722,000 after purchasing an additional 362,903 shares during the period. Finally, Crosspoint Capital Strategies LLC bought a new stake in shares of New Age Beverages during the 1st quarter worth $1,173,000. Institutional investors own 22.22% of the company’s stock.

New Age Beverages Company Profile

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.

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