Anheuser Busch Inbev (NYSE:BUD) Posts Quarterly Earnings Results
Anheuser Busch Inbev (NYSE:BUD) issued its earnings results on Thursday. The consumer goods maker reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12, Briefing.com reports. The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 34.10%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Shares of BUD traded up $1.00 during trading hours on Friday, reaching $100.49. The stock had a trading volume of 2,464,379 shares, compared to its average volume of 2,192,677. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. Anheuser Busch Inbev has a 52 week low of $64.54 and a 52 week high of $102.70. The company’s 50-day moving average is $89.68. The company has a market cap of $168.46 billion, a P/E ratio of 29.21, a P/E/G ratio of 2.53 and a beta of 1.16.
Several analysts have commented on BUD shares. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays set a €16.80 ($19.53) target price on shares of Deutsche Telekom and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Argus cut shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Bank of America restated a “neutral” rating and issued a $105.00 price objective (up previously from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Finally, ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $83.77.
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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