Boston Beer (NYSE:SAM – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $7.00-11.00 for the period, compared to the consensus EPS estimate of $9.89. Boston Beer also updated its FY 2024 guidance to 7.000-11.000 EPS.
Boston Beer Stock Down 1.4 %
Shares of NYSE SAM traded down $4.07 during mid-day trading on Friday, reaching $283.20. 403,746 shares of the company were exchanged, compared to its average volume of 130,997. The stock has a market capitalization of $3.41 billion, a P/E ratio of 35.53, a P/E/G ratio of 1.18 and a beta of 1.02. The company’s 50-day simple moving average is $303.71 and its 200-day simple moving average is $333.63. Boston Beer has a twelve month low of $274.78 and a twelve month high of $395.52.
Boston Beer (NYSE:SAM – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.96. Boston Beer had a net margin of 4.60% and a return on equity of 10.00%. The firm had revenue of $426.05 million for the quarter, compared to analysts’ expectations of $414.18 million. As a group, equities research analysts expect that Boston Beer will post 9.9 EPS for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Boston Beer
Insider Activity at Boston Beer
In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the sale, the insider now owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares in the company, valued at $2,133,231.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carolyn L. O’boyle sold 102 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $350.72, for a total value of $35,773.44. Following the sale, the insider now owns 2,630 shares in the company, valued at $922,393.60. 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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