BellRing Brands (BRBR) to Release Earnings on Monday

BellRing Brands (NYSE:BRBR - Get Free Report) will issue its quarterly earnings data 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.Investors that are interested in registering for the company's conference call can do so using this link.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The business had revenue of $430.40 million during the quarter, compared to the consensus estimate of $407.91 million. 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 Stock Down 0.3 %

Shares of NYSE BRBR traded down $0.16 during mid-day trading on Monday, hitting $56.18. 1,167,861 shares of the company traded hands, compared to its average volume of 1,206,161. BellRing Brands has a 1 year low of $34.58 and a 1 year high of $62.76. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.14 and a beta of 0.83. The business has a 50 day moving average of $57.68 and a two-hundred day moving average of $53.86.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the transaction, the director now directly owns 24,646 shares of the company's stock, valued at approximately $1,424,785.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRBR shares. Truist Financial downgraded BellRing Brands from a "buy" rating to a "hold" rating and reduced their target price for the company from $55.00 to $50.00 in a report on Wednesday, January 3rd. TD Cowen began coverage on BellRing Brands in a research note on Monday, April 22nd. They issued a "buy" rating and a $64.00 price objective for the company. Citigroup began coverage on BellRing Brands in a research note on Thursday, February 1st. They issued a "buy" rating and a $67.00 price objective for the company. Mizuho increased their price objective on BellRing Brands from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Finally, Needham & Company LLC increased their price objective 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.