New Age Beverages Corp (NASDAQ:NBEV) Expected to Announce Quarterly Sales of $63.58 Million

Wall Street analysts expect New Age Beverages Corp (NASDAQ:NBEV) to report $63.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for New Age Beverages’ earnings, with estimates ranging from $62.16 million to $65.00 million. New Age Beverages posted sales of $13.36 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 375.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 13th.

On average, analysts expect that New Age Beverages will report full-year sales of $304.47 million for the current fiscal year, with estimates ranging from $288.94 million to $320.00 million. For the next year, analysts expect that the company will report sales of $304.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow New Age Beverages.

New Age Beverages (NASDAQ:NBEV) last posted its earnings results on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). New Age Beverages had a negative return on equity of 14.49% and a negative net margin of 11.23%. The firm had revenue of $58.31 million during the quarter, compared to the consensus estimate of $59.60 million.

NBEV has been the subject of several recent analyst reports. Maxim Group set a $7.00 target price on shares of Net 1 UEPS Technologies and gave the stock a “buy” rating in a research report on Friday, May 10th. Compass Point initiated coverage on shares of Randsburg International Gold in a research report on Monday, June 10th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Alliance Global Partners initiated coverage on shares of New Age Beverages in a research report on Tuesday, March 26th. They issued a “buy” rating and a $8.00 target price for the company. Finally, ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. New Age Beverages presently has an average rating of “Hold” and a consensus price target of $7.29.

In other news, Director Reginald Kapteyn sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $5.20, for a total value of $93,600.00. Following the completion of the sale, the director now directly owns 68,812 shares of the company’s stock, valued at approximately $357,822.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brent D. Willis sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $4.59, for a total transaction of $114,750.00. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of New Age Beverages in the 4th quarter worth approximately $63,000. Northern Trust Corp lifted its stake in New Age Beverages by 51.1% during the fourth quarter. Northern Trust Corp now owns 128,345 shares of the company’s stock valued at $668,000 after purchasing an additional 43,381 shares during the last quarter. Advisor Group Inc. lifted its stake in New Age Beverages by 439.3% during the fourth quarter. Advisor Group Inc. now owns 10,785 shares of the company’s stock valued at $56,000 after purchasing an additional 8,785 shares during the last quarter. Stifel Financial Corp acquired a new stake in New Age Beverages during the fourth quarter valued at approximately $296,000. Finally, Janney Montgomery Scott LLC acquired a new stake in New Age Beverages during the fourth quarter valued at approximately $107,000. 13.83% of the stock is owned by institutional investors.

NASDAQ NBEV traded down $0.16 on Friday, hitting $4.11. The stock had a trading volume of 3,824,664 shares, compared to its average volume of 2,648,620. New Age Beverages has a one year low of $1.30 and a one year high of $9.99. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $4.71.

New Age Beverages Company Profile

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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