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

Lifeway Foods (NASDAQ:LWAYGet Free Report) 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.

Check Out Our Latest Report on LWAY

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

(Get Free Report)

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.

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Earnings History for Lifeway Foods (NASDAQ:LWAY)

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