Treasury Wine Estates (TSRYY) to Post Quarterly Earnings on Thursday

Treasury Wine Estates (OTCMKTS:TSRYY) will likely be posting its results before the market opens on Thursday, August 13th. Analysts expect the company to announce earnings of $0.1247 per share and revenue of $864.2260 million for the quarter.

Treasury Wine Estates Price Performance

Treasury Wine Estates stock opened at $3.61 on Thursday. Treasury Wine Estates has a fifty-two week low of $2.25 and a fifty-two week high of $5.55. The firm’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.14.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Treasury Wine Estates in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price on the stock. Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Treasury Wine Estates presently has a consensus rating of “Reduce” and a consensus price target of $5.20.

About Treasury Wine Estates

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.