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 $8.00-$10.00 for the period, compared to the consensus earnings per share estimate of $9.51. Boston Beer also updated its FY 2024 guidance to 8.000-10.000 EPS.
Boston Beer Price Performance
NYSE:SAM traded down $5.92 during trading hours on Friday, hitting $295.96. The stock had a trading volume of 340,978 shares, compared to its average volume of 159,857. The company has a 50 day simple moving average of $279.44 and a two-hundred day simple moving average of $282.31. Boston Beer has a one year low of $254.40 and a one year high of $372.61. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 38.74, a P/E/G ratio of 1.23 and a beta of 1.06.
Boston Beer (NYSE:SAM – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.60). The company had revenue of $579.10 million for the quarter, compared to analysts’ expectations of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.72 EPS. Equities research analysts anticipate that Boston Beer will post 9.63 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis 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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