M Partners Comments on Brick Brewing Co. Limited’s FY2018 Earnings (BRB)

Brick Brewing Co. Limited (TSE:BRB) – Research analysts at M Partners issued their FY2018 earnings per share (EPS) estimates for Brick Brewing in a report issued on Wednesday. M Partners analyst Z. Greenwald forecasts that the company will post earnings of $0.08 per share for the year. M Partners also issued estimates for Brick Brewing’s FY2019 earnings at $0.14 EPS.

Separately, Acumen Capital increased their target price on shares of Brick Brewing from C$4.60 to C$4.80 in a report on Thursday.

Shares of Brick Brewing (BRB) traded up C$0.07 during trading hours on Friday, hitting C$4.00. 151,365 shares of the stock traded hands, compared to its average volume of 46,656. Brick Brewing has a 52-week low of C$2.55 and a 52-week high of C$4.26. The company has a market cap of $141.01, a PE ratio of 44.44 and a beta of 0.04.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.00%. This is a positive change from Brick Brewing’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, January 8th. Brick Brewing’s dividend payout ratio is currently 53.33%.

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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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