Boston Beer (NYSE:SAM – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $8.00-$10.00 for the period, compared to the consensus EPS estimate of $9.51. Boston Beer also updated its FY 2024 guidance to 8.000-10.000 EPS.
Boston Beer Stock Performance
Shares of SAM traded down $5.92 on Friday, reaching $295.96. The stock had a trading volume of 340,978 shares, compared to its average volume of 159,857. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a 50-day simple moving average of $279.44 and a 200-day simple moving average of $282.31. Boston Beer has a 12-month low of $254.40 and a 12-month high of $372.61.
Boston Beer (NYSE:SAM – Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $4.39 EPS 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 analysts’ expectations of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The company’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 business earned $4.72 EPS. On average, analysts expect that Boston Beer will post 9.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on SAM
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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