Brick Brewing May Test 52 Week Highs on Strong Q2; Gained 5% on Thursday (TSE:BRB)


Brick Brewing (BRB.TO) may move closer to its 52-week high of $2.75 after reporting stronger earnings and revenues for Q2 of its fiscal year 2016. Diluted EPS was $0.05, up from last year’s $0.02. This was after revenues grew to $14 million from last year’s $11 million.

For its outlook, CEO George Croft said: “As we move into the second half of our year we are pushing hard to continue to deliver improving results. Laker, Waterloo, LandShark are all performing well, our co-pack business is strong, and we remain disciplined in our approach to improving our cost structure. The second round of grocery store licenses will be awarded this fall bringing the total number of stores to approximately 130 from the existing 60, and we will continue to work with grocery accounts to secure listings and support for our premium brands.” The company will be paying a cash dividend of $0.012 per common share on October 25 to shareholders of record as of October 11. The stock closed Thursday at $2.68.

The stock closed at $2.9 during the last session. It is up 45.00% since February 5, 2016 and is uptrending. It has outperformed by 28.51% the S&P500.

Brick Brewing Co. Limited is a Canada brewery.

The company has a market cap of $108.97 million. The Firm operates through the segment, which involves in the production, distribution and sale of alcohol products. It has a 43.28 P/E ratio. It produces, sells, markets and distributes packaged and draft beer under the Waterloo brand name, and value beer under the Laker, Red Baron, Red Cap and Formosa brand names .

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