New Age Beverages Corp (NASDAQ:NBEV) Expected to Announce Earnings of -$0.06 Per Share

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Wall Street analysts predict that New Age Beverages Corp (NASDAQ:NBEV) will report ($0.06) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for New Age Beverages’ earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.07). New Age Beverages reported earnings per share of ($0.14) in the same quarter last year, which suggests a positive year-over-year growth rate of 57.1%. The company is expected to announce its next quarterly earnings report on Thursday, November 12th.

According to Zacks, analysts expect that New Age Beverages will report full-year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.29). For the next financial year, analysts expect that the company will post earnings of $0.22 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for New Age Beverages.

New Age Beverages (NASDAQ:NBEV) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $62.64 million for the quarter, compared to the consensus estimate of $65.87 million. New Age Beverages had a negative net margin of 38.26% and a negative return on equity of 48.54%.

Several equities research analysts have recently commented on NBEV shares. Zacks Investment Research downgraded shares of New Age Beverages from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Alliance Global Partners upped their price objective on shares of New Age Beverages from $3.50 to $5.00 in a research report on Tuesday, July 21st. Finally, Northland Securities initiated coverage on shares of New Age Beverages in a research note on Wednesday, July 22nd. They set a “hold” rating for the company.

Several large investors have recently made changes to their positions in NBEV. Alliancebernstein L.P. grew its holdings in New Age Beverages by 133.1% during the first quarter. Alliancebernstein L.P. now owns 105,600 shares of the company’s stock valued at $147,000 after purchasing an additional 60,300 shares during the last quarter. State Street Corp increased its position in shares of New Age Beverages by 1.6% during the 1st quarter. State Street Corp now owns 1,452,267 shares of the company’s stock worth $2,019,000 after purchasing an additional 23,047 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of New Age Beverages during the 1st quarter worth approximately $36,000. Wells Fargo & Company MN increased its position in shares of New Age Beverages by 28.1% during the 1st quarter. Wells Fargo & Company MN now owns 197,877 shares of the company’s stock worth $275,000 after purchasing an additional 43,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of New Age Beverages by 123.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 22,974 shares of the company’s stock worth $32,000 after acquiring an additional 12,689 shares during the last quarter. 22.31% of the stock is currently owned by institutional investors.

NASDAQ NBEV traded up $0.01 on Wednesday, hitting $1.80. The stock had a trading volume of 1,250,708 shares, compared to its average volume of 2,723,729. The business’s fifty day moving average price is $2.12 and its 200 day moving average price is $1.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.99. New Age Beverages has a 52-week low of $0.98 and a 52-week high of $3.59. The stock has a market cap of $175.90 million, a price-to-earnings ratio of -1.48 and a beta of 1.72.

About New Age Beverages

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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