Lifeway Foods (LWAY) Set to Announce Quarterly Earnings on Thursday

Lifeway Foods (NASDAQ:LWAY) will be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Lifeway Foods to post earnings of $0.27 per share for the quarter.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. The firm had revenue of $49.16 million for the quarter, compared to the consensus estimate of $46.50 million. Lifeway Foods had a net margin of 7.69% and a return on equity of 21.92%. During the same period last year, the firm earned $0.21 EPS. On average, analysts expect Lifeway Foods to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Lifeway Foods Stock Performance

Shares of Lifeway Foods stock opened at $24.15 on Wednesday. Lifeway Foods has a fifty-two week low of $9.06 and a fifty-two week high of $28.61. The company has a market capitalization of $357.20 million, a P/E ratio of 26.76 and a beta of 1.05. The company has a fifty day moving average of $24.65 and a 200 day moving average of $18.83.

Insider Transactions at Lifeway Foods

In other Lifeway Foods news, CFO Eric A. Hanson sold 5,546 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.91, for a total transaction of $104,874.86. Following the completion of the transaction, the chief financial officer now owns 25,546 shares in the company, valued at $483,074.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lifeway Foods news, VP Amy M. Feldman sold 12,948 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.57, for a total transaction of $240,444.36. Following the sale, the vice president now directly owns 18,104 shares of the company’s stock, valued at $336,191.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eric A. Hanson sold 5,546 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $18.91, for a total value of $104,874.86. Following the sale, the chief financial officer now owns 25,546 shares in the company, valued at $483,074.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,078 shares of company stock valued at $707,786. 18.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LWAY. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com cut shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th.

Lifeway Foods Company Profile

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. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.