Lifeway Foods (LWAY) to Release Quarterly Earnings on Tuesday

Lifeway Foods (NASDAQ:LWAY - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. Lifeway Foods had a return on equity of 20.92% and a net margin of 7.10%. The company had revenue of $42.09 million for the quarter, compared to the consensus estimate of $40.00 million. 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 Trading Down 0.6 %

NASDAQ LWAY traded down $0.15 during trading hours on Wednesday, hitting $25.60. 161,381 shares of the company's stock were exchanged, compared to its average volume of 107,216. The firm has a market cap of $376.09 million, a price-to-earnings ratio of 33.68 and a beta of 1.31. The stock has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $14.49. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Lifeway Foods has a 1-year low of $5.75 and a 1-year high of $27.45.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Lifeway Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 6th. Noble Financial reaffirmed a "market perform" rating on shares of Lifeway Foods in a report on Wednesday, March 27th. Finally, Lake Street Capital began coverage on shares of Lifeway Foods in a research report on Friday, April 5th. They issued a "buy" rating and a $25.00 price objective for the company.

Insider Buying and Selling at Lifeway Foods

In related news, CEO Julie Smolyansky sold 10,000 shares of the business's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $17.23, for a total value of $172,300.00. Following the transaction, the chief executive officer now directly owns 2,117,081 shares of the company's stock, valued at approximately $36,477,305.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Ludmila Smolyansky sold 5,000 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $26.78, for a total transaction of $133,900.00. Following the transaction, the insider now owns 1,229,753 shares of the company's stock, valued at approximately $32,932,785.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Smolyansky sold 10,000 shares of Lifeway Foods stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $17.23, for a total value of $172,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,117,081 shares of the company's stock, valued at approximately $36,477,305.63. The disclosure for this sale can be found here. Insiders sold 161,481 shares of company stock worth $2,783,032 in the last quarter. 31.77% of the stock is currently owned by company insiders.

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.