Lifeway Foods (NASDAQ:LWAY) Posts Earnings Results, Misses Expectations By $0.19 EPS

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

Lifeway Foods Trading Down 1.8 %

LWAY opened at $20.06 on Friday. Lifeway Foods has a 1-year low of $10.06 and a 1-year high of $28.61. The stock’s fifty day simple moving average is $22.09 and its 200 day simple moving average is $23.43. The stock has a market cap of $297.21 million, a PE ratio of 23.33 and a beta of 1.00.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Lifeway Foods in a research note on Friday. They set a “hold” rating on the stock.

Insider Activity at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00. Following the sale, the insider now owns 1,025,549 shares in the company, valued at approximately $24,090,146.01. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 122,034 shares of company stock worth $2,797,217. Company insiders own 18.86% of the company’s stock.

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.