Lifeway Foods (LWAY) to Release Quarterly Earnings on Thursday

Lifeway Foods (NASDAQ:LWAY - Get Free Report) is scheduled to issue its quarterly earnings data 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. Lifeway Foods had a return on equity of 21.92% and a net margin of 7.69%. The business had revenue of $49.16 million during the quarter, compared to analyst estimates of $46.50 million. During the same period in the previous year, the company 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 Price Performance

NASDAQ:LWAY traded up $1.12 during mid-day trading on Monday, reaching $24.18. The stock had a trading volume of 114,151 shares, compared to its average volume of 144,586. The stock has a market cap of $357.62 million, a P/E ratio of 26.86 and a beta of 1.05. The business's 50 day moving average is $24.55 and its 200 day moving average is $18.82. Lifeway Foods has a fifty-two week low of $9.06 and a fifty-two week high of $28.61.

Insider Buying and Selling at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $18.19, for a total transaction of $272,850.00. Following the completion of the transaction, the insider now directly owns 1,110,133 shares in the company, valued at $20,193,319.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Amy M. Feldman sold 12,948 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $18.57, for a total value of $240,444.36. Following the completion of the transaction, the vice president now directly owns 18,104 shares in the company, valued at approximately $336,191.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 15,000 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $18.19, for a total transaction of $272,850.00. Following the completion of the sale, the insider now directly owns 1,110,133 shares in the company, valued at $20,193,319.27. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,078 shares of company stock worth $707,786 over the last ninety days. Company insiders own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

LWAY has been the subject of a number of recent research reports. Noble Financial cut shares of Lifeway Foods from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. StockNews.com downgraded Lifeway Foods from a "buy" rating to a "hold" rating in a research note 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.