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

Lifeway Foods (NASDAQ:LWAY) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 14th. Analysts expect Lifeway Foods to post earnings of $0.24 per share for the quarter.

Lifeway Foods (NASDAQ:LWAY) last issued its earnings results on Wednesday, March 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $42.09 million during the quarter, compared to analysts’ expectations of $40.00 million. Lifeway Foods had a return on equity of 20.92% and a net margin of 7.10%. On average, analysts expect Lifeway Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifeway Foods Price Performance

Shares of Lifeway Foods stock opened at $26.90 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75. Lifeway Foods has a one year low of $5.75 and a one year high of $28.61. The business’s 50 day simple moving average is $18.36 and its two-hundred day simple moving average is $14.78. The stock has a market capitalization of $395.16 million, a P/E ratio of 35.40 and a beta of 1.31.

Analysts Set New Price Targets

LWAY has been the subject of a number of recent analyst reports. Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th. Lake Street Capital assumed coverage on shares of Lifeway Foods in a research note on Friday, April 5th. They set a “buy” rating and a $25.00 price objective for the company. Finally, StockNews.com cut Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 6th.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, Director Pol Sikar sold 10,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $17.19, for a total value of $171,900.00. Following the completion of the transaction, the director now directly owns 23,707 shares in the company, valued at approximately $407,523.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lifeway Foods news, Director Pol Sikar sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $17.19, for a total transaction of $171,900.00. Following the transaction, the director now owns 23,707 shares in the company, valued at approximately $407,523.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Smolyansky sold 2,559 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $19.35, for a total value of $49,516.65. Following the completion of the transaction, the chief executive officer now owns 2,116,706 shares of the company’s stock, valued at approximately $40,958,261.10. The disclosure for this sale can be found here. Insiders have sold a total of 138,734 shares of company stock worth $2,518,940 over the last quarter. Corporate insiders own 31.77% of the company’s stock.

About Lifeway Foods

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.