Lifeway Foods (NASDAQ:LWAY) Releases Earnings Results, Misses Expectations By $0.19 EPS

Lifeway Foods (NASDAQ:LWAYGet Free Report) posted its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.19), Zacks reports. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%. The firm had revenue of $46.93 million for the quarter, compared to analyst estimates of $48.00 million.

Lifeway Foods Stock Performance

Shares of NASDAQ LWAY opened at $20.06 on Friday. The stock has a market cap of $297.21 million, a P/E ratio of 23.33 and a beta of 1.00. Lifeway Foods has a 52-week low of $10.06 and a 52-week high of $28.61. The firm has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $23.40.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Lifeway Foods in a research report on Friday. They issued a “hold” rating for the company.

Read Our Latest Stock Analysis on Lifeway Foods

Insider Transactions at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total value of $361,800.00. Following the transaction, the insider now owns 1,040,549 shares in the company, valued at $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 122,034 shares of company stock worth $2,797,217. Company insiders own 18.86% of the company’s stock.

Lifeway Foods Company Profile

(Get Free Report)

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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Earnings History for Lifeway Foods (NASDAQ:LWAY)

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