Boston Beer (NYSE:SAM – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 7.000-11.000 for the period, compared to the consensus EPS estimate of 9.910. The company issued revenue guidance of -. Boston Beer also updated its FY24 guidance to $7.00-11.00 EPS.
Boston Beer Trading Down 2.1 %
SAM traded down $6.08 during mid-day trading on Thursday, hitting $287.22. 213,106 shares of the stock were exchanged, compared to its average volume of 141,136. The firm’s fifty day moving average is $307.69 and its two-hundred day moving average is $334.76. Boston Beer has a 1-year low of $274.78 and a 1-year high of $395.52. The company has a market cap of $3.45 billion, a PE ratio of 46.33, a PEG ratio of 1.16 and a beta of 1.02.
Boston Beer (NYSE:SAM – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($1.27). Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. The company had revenue of $393.72 million for the quarter, compared to analysts’ expectations of $413.57 million. During the same quarter last year, the company earned ($0.93) EPS. Boston Beer’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Boston Beer will post 9.98 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Boston Beer
Insiders Place Their Bets
In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total transaction of $35,773.44. Following the completion of the sale, the insider now directly owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the sale, the insider now directly owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the sale, the insider now directly owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The disclosure for this sale can be found here. 23.30% of the stock is owned by insiders.
About Boston Beer
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.
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