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

Lifeway Foods (NASDAQ:LWAY) issued its quarterly earnings results 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. The business had revenue of $46.93 million during the quarter, compared to the consensus estimate of $48.00 million. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%.

Lifeway Foods Stock Performance

Shares of NASDAQ LWAY opened at $20.06 on Friday. The firm’s 50 day moving average price is $22.09 and its 200-day moving average price is $23.40. Lifeway Foods has a 52-week low of $10.06 and a 52-week high of $28.61. The company 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 issued a “hold” rating on the stock.

Insider Buying and Selling

In other news, major shareholder Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the sale, the insider now directly owns 1,025,549 shares in the company, valued at $24,090,146.01. The trade was a 4.20 % decrease in their ownership of the stock. The sale 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 worth $2,797,217 in the last three months. 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.