Equities research analysts predict that New Age Beverages Corp (NASDAQ:NBEV) will announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for New Age Beverages’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.10). New Age Beverages reported earnings per share of ($0.15) during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings results on Thursday, August 13th.

According to Zacks, analysts expect that New Age Beverages will report full-year earnings of ($0.32) per share for the current fiscal year, with EPS estimates ranging from ($0.36) to ($0.28). For the next year, analysts expect that the business will report earnings of $0.22 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for New Age Beverages.

New Age Beverages (NASDAQ:NBEV) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). New Age Beverages had a negative net margin of 38.53% and a negative return on equity of 44.30%. The business had revenue of $63.69 million during the quarter, compared to the consensus estimate of $62.86 million.

NBEV has been the topic of several recent research reports. Alliance Global Partners raised their price target on New Age Beverages from $3.50 to $5.00 in a report on Tuesday, July 21st. Zacks Investment Research upgraded New Age Beverages from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a report on Friday, May 29th. Finally, Northland Securities initiated coverage on New Age Beverages in a report on Wednesday, July 22nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $3.56.

Shares of NASDAQ:NBEV traded down $0.10 during midday trading on Friday, reaching $2.27. The company’s stock had a trading volume of 3,108,773 shares, compared to its average volume of 5,235,983. New Age Beverages has a fifty-two week low of $0.98 and a fifty-two week high of $3.98. The company has a market capitalization of $210.18 million, a P/E ratio of -1.80 and a beta of 1.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.28 and a quick ratio of 0.73. The business’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $1.67.

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of New Age Beverages by 25.5% during the fourth quarter. Raymond James & Associates now owns 226,777 shares of the company’s stock valued at $413,000 after acquiring an additional 46,148 shares during the last quarter. UBS Group AG increased its position in shares of New Age Beverages by 99.1% during the fourth quarter. UBS Group AG now owns 124,971 shares of the company’s stock valued at $227,000 after acquiring an additional 62,217 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of New Age Beverages by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 201,798 shares of the company’s stock valued at $367,000 after acquiring an additional 10,796 shares during the last quarter. Geode Capital Management LLC increased its position in shares of New Age Beverages by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 1,046,753 shares of the company’s stock valued at $1,905,000 after acquiring an additional 131,847 shares during the last quarter. Finally, Davy Global Fund Management Ltd purchased a new stake in shares of New Age Beverages during the first quarter valued at approximately $35,000. Institutional investors own 21.00% of the company’s stock.

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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