Lifeway Foods (NASDAQ:LWAY) posted its quarterly earnings results on Tuesday. The company reported $0.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.07, Fidelity Earnings reports. Lifeway Foods had a negative return on equity of 0.83% and a negative net margin of 0.35%. The company had revenue of $28.74 million during the quarter, compared to the consensus estimate of $26.50 million.
LWAY opened at $5.68 on Thursday. Lifeway Foods has a fifty-two week low of $5.75 and a fifty-two week high of $5.82. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 0.07.
A number of equities research analysts have recently weighed in on LWAY shares. Zacks Investment Research downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. TheStreet downgraded Lifeway Foods from a “c-” rating to a “d” rating in a research note on Friday, May 4th.
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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.
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