Boston Beer (NYSE:SAM – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.00-11.00 for the period, compared to the consensus earnings per share estimate of $10.22. Boston Beer also updated its FY 2024 guidance to 7.000-11.000 EPS.
Boston Beer Trading Up 7.5 %
NYSE SAM traded up $20.39 during trading hours on Friday, hitting $290.91. 358,744 shares of the company’s stock traded hands, compared to its average volume of 125,596. The business’s fifty day moving average price is $286.72 and its two-hundred day moving average price is $305.50. The firm has a market capitalization of $3.48 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.11 and a beta of 1.03. Boston Beer has a 52 week low of $254.40 and a 52 week high of $395.52.
Boston Beer (NYSE:SAM – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The firm had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a return on equity of 9.60% and a net margin of 4.39%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.72 earnings per share. On average, sell-side analysts expect that Boston Beer will post 9.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on SAM
Boston Beer Company Profile
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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