Analysts expect that Eastside Distilling Inc (NASDAQ:EAST) will announce ($0.19) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eastside Distilling’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.17). Eastside Distilling reported earnings per share of ($0.37) in the same quarter last year, which suggests a positive year-over-year growth rate of 48.6%. The company is scheduled to report its next earnings report on Monday, August 12th.
On average, analysts expect that Eastside Distilling will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.85) to ($0.82). For the next financial year, analysts anticipate that the company will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.46) to ($0.16). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Eastside Distilling.
Eastside Distilling (NASDAQ:EAST) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.14). The company had revenue of $3.50 million during the quarter, compared to the consensus estimate of $3.04 million. Eastside Distilling had a negative return on equity of 78.82% and a negative net margin of 127.06%.
Shares of NASDAQ EAST traded down $0.20 during mid-day trading on Monday, hitting $4.35. The company had a trading volume of 34,134 shares, compared to its average volume of 39,602. The firm has a market cap of $41.57 million, a PE ratio of -2.92 and a beta of 0.66. Eastside Distilling has a 12 month low of $3.95 and a 12 month high of $9.25. The company has a current ratio of 4.88, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. The firm’s 50 day simple moving average is $4.81.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Eastside Distilling by 160.3% in the third quarter. Vanguard Group Inc. now owns 69,666 shares of the company’s stock worth $571,000 after purchasing an additional 42,901 shares in the last quarter. Vanguard Group Inc raised its holdings in Eastside Distilling by 160.3% in the third quarter. Vanguard Group Inc now owns 69,666 shares of the company’s stock worth $571,000 after purchasing an additional 42,901 shares in the last quarter. Skylands Capital LLC raised its holdings in Eastside Distilling by 155.3% in the fourth quarter. Skylands Capital LLC now owns 206,739 shares of the company’s stock worth $1,278,000 after purchasing an additional 125,750 shares in the last quarter. BlackRock Inc. raised its holdings in Eastside Distilling by 22.7% in the fourth quarter. BlackRock Inc. now owns 14,262 shares of the company’s stock worth $88,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Eastside Distilling by 33.3% in the fourth quarter. Royce & Associates LP now owns 35,150 shares of the company’s stock worth $217,000 after purchasing an additional 8,780 shares in the last quarter. 27.52% of the stock is currently owned by institutional investors and hedge funds.
About Eastside Distilling
Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.
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