Cowen & Co. raised the price target on The Boston Beer Company, Inc. (NYSE: SAM) from $400 to $500. Boston Beer shares rose 1% to $465.20 in pre-market trading.
One of the leading craft breweries in the U.S. announced a sale that will further consolidate the industry and could start a wave of M&A activity in the space.
Boston Beer Co (NYSE:SAM) reported quarterly earnings of $2.97 per share. This is a 54.38 percent decrease over earnings of $6.51 per share from the same period last year. The company reported quarterly sales of $561.60
Companies Reporting Before The Bell
• Tri Pointe Homes (NYSE:TPH) is estimated to report quarterly earnings at $0.89 per share on revenue of $946.97 million.
Boston Beer Co (NYSE:SAM) is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.
Analysts estimate that Boston Beer Co will likely report an Earnings Per Share (EPS) of $4.10
According to Benzinga Pro, during Q2, Boston Beer Co (NYSE:SAM) earned $80.11 million, a 4.58% increase from the preceding quarter. Boston Beer Co also posted a total of $602.80 million in sales, a 10.59% increase since Q1.
By Josh Kincaid
Summary
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