Eastside Distilling (EAST) to Release Quarterly Earnings on Thursday

Eastside Distilling (NASDAQ:EAST) is scheduled to be announcing its earnings results after the market closes on Thursday, November 14th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Eastside Distilling (NASDAQ:EAST) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.05). The company had revenue of $3.06 million for the quarter, compared to analyst estimates of $2.58 million. Eastside Distilling had a negative net margin of 66.06% and a negative return on equity of 2,066.36%. During the same period last year, the company posted ($1.96) earnings per share.

Eastside Distilling Stock Down 4.0 %

NASDAQ:EAST opened at $0.53 on Tuesday. Eastside Distilling has a twelve month low of $0.44 and a twelve month high of $2.98. The firm has a market capitalization of $938,080.00, a price-to-earnings ratio of -0.11 and a beta of 1.73. The stock’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $0.86.

Insider Buying and Selling

In related news, major shareholder Michael Bigger sold 1,054,091 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $2.09, for a total value of $2,203,050.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.11% of the stock is owned by corporate insiders.

Eastside Distilling Company Profile

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.