Equities analysts expect New Age Beverages Corp (NASDAQ:NBEV) to post sales of $63.58 million for the current quarter, according to Zacks. Two analysts have issued estimates for New Age Beverages’ earnings. The lowest sales estimate is $62.16 million and the highest is $65.00 million. New Age Beverages posted sales of $13.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 375.9%. The business is expected to announce its next earnings results on Tuesday, August 13th.
On average, analysts expect that New Age Beverages will report full-year sales of $304.47 million for the current fiscal year, with estimates ranging from $288.94 million to $320.00 million. For the next year, analysts forecast that the firm will report sales of $304.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover New Age Beverages.
New Age Beverages (NASDAQ:NBEV) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). New Age Beverages had a negative net margin of 11.23% and a negative return on equity of 14.49%. The business had revenue of $58.31 million during the quarter, compared to analyst estimates of $59.60 million.
In other New Age Beverages news, CEO Brent D. Willis sold 25,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $4.59, for a total transaction of $114,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Reginald Kapteyn sold 18,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $5.20, for a total value of $93,600.00. Following the transaction, the director now owns 68,812 shares in the company, valued at $357,822.40. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in NBEV. Janney Montgomery Scott LLC acquired a new position in New Age Beverages during the fourth quarter worth $107,000. Cambridge Investment Research Advisors Inc. lifted its stake in New Age Beverages by 19.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,865 shares of the company’s stock worth $88,000 after purchasing an additional 2,779 shares in the last quarter. BlackRock Inc. lifted its stake in New Age Beverages by 54.1% during the fourth quarter. BlackRock Inc. now owns 1,146,398 shares of the company’s stock worth $5,962,000 after purchasing an additional 402,432 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in New Age Beverages by 127.2% during the fourth quarter. Bank of New York Mellon Corp now owns 59,094 shares of the company’s stock worth $307,000 after purchasing an additional 33,090 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in New Age Beverages by 1,202.2% during the fourth quarter. Raymond James & Associates now owns 155,040 shares of the company’s stock worth $806,000 after purchasing an additional 143,134 shares in the last quarter. Institutional investors own 13.83% of the company’s stock.
NBEV traded down $0.16 during trading hours on Friday, reaching $4.11. The company’s stock had a trading volume of 3,824,664 shares, compared to its average volume of 2,648,620. New Age Beverages has a fifty-two week low of $1.30 and a fifty-two week high of $9.99. The business has a 50-day moving average of $4.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.63.
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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