Boston Beer Reports Third Quarter 2016 Results
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Go back to Boston Beer Reports Third Quarter 2016 Results
October 21, 2016 8:05 AM EDT
Jefferies maintained a Hold rating on Boston Beer Company (NYSE: SAM), and cut the price target to $140.00 (from $151.00), following the company's 3Q earnings report. EPS of $2.48 came in below the Street's estimate of $2.55. SAM's revenues came in -9% below Street estimates on -8% depletion declines.... More
October 20, 2016 4:18 PM EDT
Boston Beer Co. (NYSE: SAM) reported Q3 EPS of $2.48, $0.12 worse than the analyst estimate of $2.60. Revenue for the quarter came in at $253.4 million versus the consensus estimate of $278.91 million.
GUIDANCE:
Boston Beer Co. sees FY2016 EPS of $6.30-$6.70, versus the consensus of $6.46.
Jim Koch, Chairman and Founder of the Company, commented, "Our total company depletion trends declined in the third... More
