Reed’s (NYSE:REED) is set to issue its quarterly earnings data after the market closes on Thursday, October 13th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Reed’s (NYSE:REED) last posted its earnings results on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.01. On average, analysts expect Reed’s to post $-0.17 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.
Reed’s (NYSE:REED) opened at 4.12 on Tuesday. Reed’s has a 12-month low of $2.25 and a 12-month high of $6.91. The company’s 50 day moving average price is $3.49 and its 200-day moving average price is $3.44. The firm’s market capitalization is $57.30 million.
A hedge fund recently raised its stake in Reed’s stock. Vanguard Group Inc. boosted its position in shares of Reed’s (NYSE:REED) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 216,739 shares of the company’s stock after buying an additional 11,800 shares during the period. Vanguard Group Inc. owned 1.56% of Reed’s worth $535,000 as of its most recent SEC filing.
REED has been the subject of several recent analyst reports. Zacks Investment Research raised Reed’s from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Wunderlich reaffirmed a “buy” rating and set a $8.00 target price (down previously from $10.00) on shares of Reed’s in a research note on Friday, August 5th.
Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.
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