Lifeway Foods (LWAY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Lifeway Foods (NASDAQ:LWAY) posted its quarterly earnings data on Tuesday. The company reported $0.00 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.07, Fidelity Earnings reports. Lifeway Foods had a negative return on equity of 0.83% and a negative net margin of 0.35%. The company had revenue of $28.74 million for the quarter, compared to the consensus estimate of $26.50 million.

Shares of LWAY traded up $0.16 during midday trading on Thursday, reaching $5.84. The stock had a trading volume of 11,300 shares, compared to its average volume of 19,693. Lifeway Foods has a 52 week low of $5.75 and a 52 week high of $5.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.29 and a current ratio of 1.87. The company has a market capitalization of $89.55 million, a PE ratio of -292.00 and a beta of 0.62.

LWAY has been the topic of a number of research reports. Zacks Investment Research downgraded Lifeway Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 25th. TheStreet downgraded Lifeway Foods from a “c-” rating to a “d” rating in a research note on Friday, May 4th.

About Lifeway Foods

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.

Earnings History for Lifeway Foods (NASDAQ:LWAY)

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