Brick Brewing Co. Limited to Post Q4 2018 Earnings of $0.02 Per Share, Cormark Forecasts (BRB)

Brick Brewing Co. Limited (TSE:BRB) – Stock analysts at Cormark issued their Q4 2018 EPS estimates for shares of Brick Brewing in a report released on Tuesday. Cormark analyst K. Mcphee anticipates that the company will post earnings of $0.02 per share for the quarter. Cormark also issued estimates for Brick Brewing’s FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.19 EPS.

BRB has been the topic of several other research reports. Laurentian lifted their target price on Brick Brewing from C$4.70 to C$5.00 in a research note on Tuesday, January 23rd. Acumen Capital lifted their target price on Brick Brewing from C$4.60 to C$4.80 in a research note on Thursday, January 11th. Finally, M Partners reissued a “buy” rating on shares of Brick Brewing in a research note on Wednesday, January 10th.

Shares of Brick Brewing (BRB) traded up C$0.13 on Wednesday, reaching C$4.21. The company had a trading volume of 24,671 shares, compared to its average volume of 65,332. The company has a market cap of $143.87, a P/E ratio of 45.33 and a beta of 0.04. Brick Brewing has a 52 week low of C$2.68 and a 52 week high of C$4.30.

Brick Brewing (TSE:BRB) last posted its quarterly earnings data on Friday, December 8th. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). The company had revenue of C$11.67 million for the quarter, compared to analysts’ expectations of C$12.75 million. Brick Brewing had a net margin of 7.04% and a return on equity of 11.67%.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were paid a $0.02 dividend. This is an increase from Brick Brewing’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, January 8th. This represents a $0.08 dividend on an annualized basis and a yield of 1.90%. Brick Brewing’s payout ratio is presently 53.33%.

In other Brick Brewing news, insider Sean Thomas Byrne sold 40,000 shares of Brick Brewing stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of C$3.95, for a total value of C$158,000.00.

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Brick Brewing Company Profile

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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