Brick Brewing Co. Limited to Post Q4 2018 Earnings of $0.02 Per Share, Cormark Forecasts (BRB)

Brick Brewing Co. Limited (TSE:BRB) – Cormark issued their Q4 2018 earnings estimates for shares of Brick Brewing in a report released on Tuesday. Cormark analyst K. Mcphee expects that the company will post earnings per share of $0.02 for the quarter. Cormark also issued estimates for Brick Brewing’s FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.19 EPS.

Brick Brewing (TSE:BRB) last issued its earnings results on Friday, December 8th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$11.67 million for the quarter, compared to analyst estimates of C$12.75 million. Brick Brewing had a net margin of 7.04% and a return on equity of 11.67%.

Other research analysts also recently issued research reports about the stock. Laurentian raised their price target on shares of Brick Brewing from C$4.70 to C$5.00 in a report on Tuesday, January 23rd. Acumen Capital raised their price target on shares of Brick Brewing from C$4.60 to C$4.80 in a report on Thursday, January 11th. Finally, M Partners restated a “buy” rating on shares of Brick Brewing in a report on Wednesday, January 10th.

Brick Brewing (TSE:BRB) traded up C$0.13 during trading on Wednesday, hitting C$4.21. 24,671 shares of the stock were exchanged, compared to its average volume of 65,332. The company has a market cap of $143.87, a P/E ratio of 45.33 and a beta of 0.04. Brick Brewing has a fifty-two week low of C$2.68 and a fifty-two week high of C$4.30.

In other news, insider Sean Thomas Byrne sold 40,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of C$3.95, for a total transaction of C$158,000.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.02 per share. The ex-dividend date was Monday, January 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Brick Brewing’s previous quarterly dividend of $0.02. Brick Brewing’s dividend payout ratio (DPR) is currently 53.33%.

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About Brick Brewing

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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