BellRing Brands (BRBR) Set to Announce Quarterly Earnings on Monday

BellRing Brands (NYSE:BRBR) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. BellRing Brands has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. On average, analysts expect BellRing Brands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $57.44 on Friday. The company has a market capitalization of $7.52 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85. BellRing Brands has a 1 year low of $34.58 and a 1 year high of $62.76. The business has a fifty day moving average price of $57.75 and a two-hundred day moving average price of $53.97.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now owns 24,646 shares in the company, valued at approximately $1,424,785.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research reports. Mizuho increased their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Stephens reiterated an “equal weight” rating and issued a $51.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 6th. TD Cowen initiated coverage on BellRing Brands in a report on Monday, April 22nd. They issued a “buy” rating and a $64.00 price target for the company. Barclays boosted their price objective on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC raised their target price on BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.92.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.