Roth Capital Equities Analysts Increase Earnings Estimates for Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) – Analysts at Roth Capital increased their Q2 2024 earnings per share (EPS) estimates for shares of Splash Beverage Group in a research note issued to investors on Tuesday, June 25th. Roth Capital analyst S. Mcgowan now expects that the company will earn ($0.08) per share for the quarter, up from their previous forecast of ($0.10). The consensus estimate for Splash Beverage Group’s current full-year earnings is ($0.34) per share. Roth Capital also issued estimates for Splash Beverage Group’s Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at ($0.32) EPS and FY2025 earnings at ($0.31) EPS.

A number of other equities analysts have also recently commented on the stock. HC Wainwright reissued a “buy” rating and issued a $1.00 price objective on shares of Splash Beverage Group in a research note on Wednesday, May 22nd. Roth Mkm decreased their price target on Splash Beverage Group from $2.85 to $1.00 and set a “buy” rating for the company in a research note on Tuesday.

Splash Beverage Group Price Performance

Shares of Splash Beverage Group stock opened at $0.25 on Thursday. Splash Beverage Group has a 12 month low of $0.20 and a 12 month high of $1.18. The company has a market cap of $12.11 million, a P/E ratio of -0.51 and a beta of -1.31.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its earnings results on Wednesday, May 15th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The company had revenue of $1.54 million during the quarter, compared to analysts’ expectations of $5.21 million. Splash Beverage Group had a negative net margin of 150.64% and a negative return on equity of 1,659.09%.

Institutional Investors Weigh In On Splash Beverage Group

A hedge fund recently bought a new stake in Splash Beverage Group stock. Sanibel Captiva Trust Company Inc. bought a new stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 60,000 shares of the company’s stock, valued at approximately $28,000. Sanibel Captiva Trust Company Inc. owned 0.13% of Splash Beverage Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.