BellRing Brands (BRBR) Scheduled to Post Quarterly Earnings on Monday

BellRing Brands (NYSE:BRBR) will be announcing 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.Investors that wish to listen to the company’s conference call can do so using this link.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The firm 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 Trading Up 2.0 %

NYSE:BRBR opened at $56.34 on Monday. The firm has a 50-day moving average price of $57.68 and a two-hundred day moving average price of $53.76. BellRing Brands has a twelve month low of $34.58 and a twelve month high of $62.76. The company has a market capitalization of $7.38 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83.

Insider Buying and Selling

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the sale, the director now directly owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BRBR shares. Stifel Nicolaus raised their target price on shares of BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Truist Financial cut shares of BellRing Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Wednesday, January 3rd. Needham & Company LLC raised their price target on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley raised their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Finally, Barclays raised their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.