Lifeway Foods (NASDAQ:LWAY) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Lifeway Foods (NASDAQ:LWAY) issued its quarterly earnings data on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.19), Zacks reports. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The business had revenue of $46.93 million during the quarter, compared to analyst estimates of $48.00 million.

Lifeway Foods Stock Down 1.8 %

NASDAQ:LWAY opened at $20.06 on Friday. Lifeway Foods has a twelve month low of $10.06 and a twelve month high of $28.61. The business has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $23.43. The company has a market cap of $297.21 million, a P/E ratio of 23.33 and a beta of 1.00.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Lifeway Foods in a research report on Friday. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the completion of the transaction, the insider now owns 17,343 shares of the company’s stock, valued at $369,579.33. This represents a 36.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 122,034 shares of company stock valued at $2,797,217 in the last quarter. 18.86% of the stock is currently owned by 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.