Revenue Update on Truett-Hurst Inc(NASDAQ:THST)

Truett-Hurst Inc(NASDAQ:THST) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 21, 2016. Company reported revenue of $6.00M. Analysts estimated a revenue of $5.82M. Earnings per share were $-0.04.

Truett-Hurst Inc (THST) shares turned negative on Tuesdays trading session with the shares closing down -0.09 points or -4.55% at a volume of 23,683. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.97. The peak price level was also seen at $1.97 while the days lowest was $1.84. Finally the shares closed at $1.89. The 52-week high of the shares is $4.5 while the 52-week low is $0.2. According to the latest information available, the market cap of the company is $8.1 M.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Paul Forgue (CFO) purchased 21,875 shares at $1.50 per share price.Also, On Mar 4, 2016, Phillip L Hurst (President and CEO) sold 66,613 shares at $1.36 per share price.On Dec 21, 2015, James Barrie Graham (director) purchased 4,000 shares at $1.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Truett-Hurst Inc. is a super-premium and ultra-premium wine sales marketing and production company. The Company was formed to serve as a holding company that will hold an interest in the H.D.D. LLC (LLC). The Company’s segments include wholesale direct to consumer and Internet. Wholesale sales include its private label model and four brands through the three-tier distribution system. Direct to consumer sales of its brands occur through its tasting rooms and wine clubs. Internet sales occur through The Wine Spies and are principally comprised of brands not owned by the Company. The Company produces a spectrum of varietals including Pinot Noir Chardonnay Sauvignon Blanc Merlot Cabernet Sauvignon and Zinfandel. The Company’s products include Truett Hurst VML Bradford Mountain Evocative Wraps Curious Beasts The Wine with No Name and the The Supper Club.

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