|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||283.25 - 292.20|
|52 Week Range||144.60 - 329.95|
|PE Ratio (TTM)||35.82|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||263.90|
Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly. Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly of brandishing a threat against her as she was fired. During an appearance on NBC's "Meet the Press" connected to a tell-all book, Manigault Newman sought to refute a number of reports in the media that she said unfairly portrayed her as desperate to keep her job.
Jim Koch thanked President Trump for his tax cuts, saying they would help the company better compete with foreign brewers.
Koch is one of 13 corporate executives who is reportedly set to dine with President Trump on Tuesday evening at his New Jersey golf resort.
Higher tariffs on aluminum have started pinching the profits of beer and soft beverage manufacturers. Understandably, the higher prices are now being passed on to consumers.
NEW YORK, Aug. 01, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Toll ...
By all accounts, the craft brewer has reinvigorated its growth story. The company is successfully driving revenues and shipments, but the expenses being incurred to drive that growth are eating into operating income. Despite stock buybacks, earnings per share fell big time year over year.
For 17 years, Martin Roper was the quiet CEO working in the wings behind Boston Beer Co. founder Jim Koch, the charismatic brewer credited with helping start the craft-beer movement. Mr. Roper started at the company as head of manufacturing in 1994, a time when it was ramping up production of its flagship Sam Adams brand. Since he took the helm in 2001, the company quadrupled its revenue and expanded its portfolio to include alcoholic tea, Angry Orchard cider and, most recently, the hard seltzer brand Truly Spiked & Sparkling—an innovation that helped drive a turnaround for Boston Beer this year after a two-year sales slump.
Boston Beer’s stock is down 14 percent after the company reported that capital and marketing expenses had eaten substantially into its bottom line.
There are several important things going on at Boston Beer, among them the expected thinning of gross margins, which the company said was due to packaging, freight and third-party production costs. Meanwhile, people are drinking more of the company’s non-beer brands while Samuel Adams is having some trouble. • In a Thursday conference call, a transcript of which is available on Seeking Alpha, executives said saying that the company’s newest products—including the Sam ‘76 beer and Angry Orchard Rosé cider—have shown signs of staying power, rather than just turning into products people try once.
Boston Beer Co.’s second-quarter earnings report Thursday is causing a sobering hangover Friday. The craft brewer’s shares fell as much as 15.5 percent, the most intraday since February 2015, after earnings per share of $1.98 missed the consensus estimate by 30 percent. Margins narrowed due to heavy spending on advertising and promotions meant to revive the company’s declining flagship Samuel Adams, though its Truly Spiked & Sparkling hard seltzer, Angry Orchard cider and Twisted Tea brands continued to grow.
Shares of Boston Beer tumbled on Friday after the Samuel Adams beer maker reported quarterly earnings that fell well short of analyst expectations.
Boston Beer earned $1.98 per share in the second quarter, while analysts polled by Reuters expected a profit of $2.81. "During the quarter, our operating expenses increased significantly, primarily due to the timing of our planned brand investments," CEO Dave Burwick says. Boston Beer also reiterated its full-year earnings guidance of a range between $6.30 and $7.30 per share, disappointing Wall Street.
Colgate (CL) delivers first-quarter 2018 earnings in line with the Zacks Consensus Estimate but its sales lag. However, both the top and bottom line improves year over year.
Boston Beer (SAM) delivers top- and bottom-line miss in second-quarter 2018, driven by higher costs and lower gross margins. It increases depletion and capex goals for 2018 and cuts gross margin view.
Check out the companies making headlines after the bell: Shares of Amazon AMZN were up as much as 4 percent in after-hours trading, before pairing gains. Amazon reported mixed earnings results for its second quarter.
Shares of Boston Beer Co. (sam) were down more than 16% in after-hours trading Thursday after the maker of Sam Adams beer missed earnings expectations by a wide margin. Analysts had been expecting $2.81 in earnings per share, according to FactSet. The company projects adjusted earnings per share of $6.30 to $7.30 for the full year, whereas analysts had been expecting $7.56.
BOSTON, July 26, 2018 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported second quarter 2018 net revenue of $273.1 million , an increase of $25.2 million or 10.2%, from the same period ...
Boston Beer Co.’s turnaround appears to have taken Wall Street by surprise. Macquarie analyst Caroline Levy downgraded the stock to underperform from neutral Wednesday, but raised her price target to $285 from $225, crediting the company’s non-beer performance. The downside implied by the average price target is among the steepest of all 2,013 stocks in the Russell 2000 Index, according to data compiled by Bloomberg.